A flexible budget is most useful
A) when company has only fixed costs.
B) when actual output equals budgeted output.
C) as a cost control tool to help evaluate performance.
D) when a product's cost structure includes variable costs only.
C
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A retail Web site where consumers can purchase goods from producers is an example of a market
Indicate whether the statement is true or false
______ is the extent to which one believes that an outcome is the result of one’s own efforts.
A. Equity B. Locus of control C. Ethics D. Situational factors
Edward is an employee of Huge Corporation who works in one of the company's stores. One
day Edward sees one of his ex-girlfriends, who jilted him, in the store. He is still mad at her for this, so he goes over and slugs her in the face. She sues Edward and Huge Corporation. If the state applies the motivation test, which of the following is true? A) Huge, but not Edward, would be liable for the tort. B) Edward, but not Huge, would be liable for the tort. C) Huge and Edward could each be liable for the tort. D) Neither Edward nor Huge would be liable for the tort. E) Huge and Edward could each be liable for the tort, but the plaintiff must first seek recovery from Edward.
Ken loaned Barbara $8,000 and took back a note secured by Barbara's car. If Barbara files for bankruptcy when the value of the car is $4,500, what is Ken's status? He has a (n):
a. secured claim for $4,500. b. unsecured claim for $8,000. c. unsecured claim for $4,500. d. secured claim for $8,000.