The main difference between a flexible budget and a static budget is that the static budget is not adjusted for changes in the level of activity.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1. When a business sells a plant asset for book value, a gain or loss should be recorded. 2. When a plant asset is sold for less than its book value, a gain is recorded. 3. If a plant asset is sold for more than its book value, a loss is recorded. 4. On July 14, Jones Sporting Goods sold equipment that originally cost $50,000. After updating depreciation, the Accumulated Depreciation - Equipment had a normal balance of $44,000. The selling price of the equipment was $42,000. Jones will report a loss of $8,000.
Capital investment analysis involves all of the following except
A) preparing formal requests for capital investments. B) analyzing the sales mix. C) selecting the best alternative. D) dividing available capital investment funds.
When an employment selection instrument is related to job success, the instrument is said to have
A. validity. B. correctness. C. discrimination. D. exclusiveness.
The belief that it is unpatriotic or even morally wrong to purchase foreign products is found among some segments of Japanese society. Japanese who hold such views are described as being __________________.
(a) Consumer ethnocentric (b) Technological laggards (c) Localized (d) Culturally grounded