What is activity-based budgeting?
What will be an ideal response?
Activity-based budgeting is a budget system based on expected activities and their levels for the budget period. This knowledge enables management to plan for resources required to carry out their activities. Activity-based budgeting requires management to list activities performed and their costs.
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In China, Dell had to find a meaningful interpretation of "direct sales," the phrase that describes the company's powerful business model
Indicate whether the statement is true or false
Which of the following is a difference between a sale or return contract and a sale on approval contract?
A) For sale or return, the risk of loss is borne by the buyer; while in a sale on approval, it is borne by the seller. B) For sale or return, the goods are sold to the buyer; while in a sale on approval, the buyer is allowed a time period to test the goods. C) For sale or return, failure to notify rejection is not acceptance; while in a sale on approval, failure to notify rejection is acceptance. D) For sale or return, goods sold can be returned; while in a sale on approval, goods sold can never be returned.
Burnside Corporation and the D. Stewart Trust can be partners in a partnership if they carry on as co-owners a business for profit
a. True b. False Indicate whether the statement is true or false
Which of the following terms refers to the process of converting an exchange that is a not-for-profit organization and is owned by its members, to a stock ownership organization??
A. ?Privatization B. ?Diversification C. ?Demutualization D. ?Consolidation E. ?Flotation