Which of the following is NOT a basic function of a budget?
A) Budgets indicate the need for future short-term financing.
B) Budgets provide the basis for corrective action when actual figures differ from the budgeted figures.
C) Budgets compare historical costs of the firm with its current cost performance.
D) Budgets allow for performance evaluation.
Answer: C
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Rising promotion costs and shrinking profit margins are the result of ________
A) new and improved technology B) disintermediation C) industry convergence D) privatization E) heightened competition
Which characteristic is not associated with the database approach to data management?
a. the ability to process data without the help of a programmer b. the ability to control access to the data c. constant production of backups d. the inability to determine what data is available
Which of the following services best represents how little complaining consumers actually do?
a. TARP b. Land's End c. Hampton Inn d. FedEx e. A public bus company
If there is some bad news about your organization, and your readers have already heard some of this bad news, you should
A) use the indirect organizational plan. B) use emotional language to demonstrate empathy. C) confirm the news early and offer more information. D) use a longer buffer paragraph to cushion the effect. E) subordinate subtle goodwill language.