What are the advantages of budgeting?
There are several advantages of budgeting:
1. It forces managers to plan.
2. It provides information that can be used to improve decision making.
3. It provides a standard for performance evaluation.
4. It improves communication and coordination.
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Which is true of doing business in Belgium?
A) Speaking Dutch will help you in the Flanders area. B) Speaking French will help you north of Brussels. C) One selling strategy will work for the entire country. D) Dutch is spoken in the Wallonia area in the south of the country. E) Belgians prefer to communicate in business English.
________ are costs incurred to avoid poor-quality goods or services
A) Prevention costs B) Appraisal costs C) Internal failure costs D) External failure costs
The standard deviation measures the degree to which the actual losses from a loss distribution deviate from the expected loss
Indicate whether the statement is true or false
A term-loan agreement is a promissory note that requires a borrower to repay a loan in monthly, quarterly, semiannual, or annual installments.
Answer the following statement true (T) or false (F)