For cost control purposes, actual costs should be compared to
a. a static budget.
b. a flexible budget.
c. actual costs for the prior budget.
d. the original budget.
b
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Which of the following provide information that employees and managers use to take action and respond to changes?
A) Informational reports B) Due diligence reports C) Planning proposals D) Feasibility reports E) Analytical reports
How does the state government raise money to pay unemployed people under the Federal Unemployment Tax Act?
A) The employees pay a fraction of their wages to the state. B) The employers pay taxes to the state. C) All state residents pay taxes to the state government. D) The federal government allocates a small portion of the national budget.
Juanita's Place is a dress shop that caters to dresses for special occasions such as school proms, holiday parties, and weddings. Juanita has a staff of trained employees that help in the selection of dresses regarding style, fit, and appropriateness for the occasion. The store also offers alteration services and free delivery. Juanita's Place is an example of
A. a full-service store. B. a department store. C. a limited service store. D. a franchise. E. a self-service store.
The responsibility for managing day-to-day operations and carrying out corporate policies belongs to the ________
A) board of directors B) chief executive officer C) stockholders D) creditors