Which of the following is TRUE of participative budgeting?
A) Preliminary budgets are developed by top management and flows down to the departmental level.
B) Budgets are developed separately in a company's business segments so coordination is not
necessary.
C) Budgets are more achievable because those impacted by the budget helped create it.
D) The budgeting process is quick, usually only requiring one-two weeks to complete.
C) Budgets are more achievable because those impacted by the budget helped create it.
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Which of the following is not true of the maintenance cycle?
A) A standard is set based on prior improvements, which locks in these improvements. B) Actions are taken after the standard is set. C) The results of the actions are checked to ensure that performance conforms to the new level. D) If the performance does not conform to the new level, nothing else can be done. E) All of these are true.
The customer who arrives at a bank, enters a line, and decides to leave is
A) balking. B) cropping. C) reneging. D) blithering. E) None of the above
The constraint 5 X1 + 6 X2 = 30, when converted to an = constraint for use in the simplex algorithm, will be 5 X1 + 6 X2 - A = 30
Indicate whether the statement is true or false
A liability judgment against an individual constitutes a pure risk.
Answer the following statement true (T) or false (F)