Indicate whether each of the following statements is true or false.A master budget provides information about plans and expectations for the next five years._____A company that uses a participative budget engages in budgeting throughout the year._____One of the benefits of budgeting is that it promotes coordination and communication._____A budget formalizes managerial plans._____At the end of a period, a company should not compare actual results to the budget because budgets are notoriously inaccurate._____
What will be an ideal response?
| A master budget provides information about plans and expectations for the next five years. | F |
| A company that uses a participative budget engages in budgeting throughout the year. | F |
| One of the benefits of budgeting is that it promotes coordination and communication. | T |
| A budget formalizes managerial plans. | T |
| At the end of a period, a company should not compare actual results to the budget because budgets are notoriously inaccurate. | F |
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David Andrews works at the Neal Company where he makes $10 per hour with "time-and-a-half" for overtime. For the week ended January 8, David worked 45 hours as follows: Job 417 34 hours Job 532 11 hours Assuming the overtime was due to priority scheduling for Job 532, how much will be charged to Job 532?
a. $147 b. $ 25 c. $110 d. $135
The Discounted Payback Period in B9 will be ___________ the Payback Period in B7.
a) less than
b) equal to
c) greater than
d) Could be any of the above
e) None of the above
Mean absolute percentage error (MAPE) is the average of the ______.
A. sum of the absolute differences between the actual and forecasted demand values B. sum of the squared differences between the actual and forecasted demand values C. absolute percentage error D. absolute differences between the actual and forecasted demand values
Coca-Cola sells two different zero-calorie versions of Coke: Diet Coke and Coke Zero (now known as Coca-Cola Zero Sugar). It has chosen to attempt to appeal to men with Coke Zero. In addition to launching an ad campaign featuring men enjoying Coke Zero, Coca-Cola also designed a masculine-looking can for Coke Zero, with bold red lettering on a black background. This specially designed can is an example of
A. segmentation. B. targeting. C. market penetration. D. positioning. E. a market segment.