A florist who decides to budget five percent of last year's sales for promotional activities is using which of the following budgeting techniques?
A) bottom-up
B) objective-task
C) competitive-parity
D) percentage-of-sales
E) push-pull
D
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Theories can grow when there is a deeper and more nuanced understanding of the original principles. This is known as ______.
A. induction B. deduction C. intension D. extension
In order to increase the net profit of a business, the NMC of any proposed strategy must ________
A) be equal to the current NMC B) be equal to the difference of the current NMC and the marketing and sales expenses C) be equal to the total operating income D) be lower than the current NMC E) exceed the current NMC
You just purchased an automobile for $19,450 and must decide how to pay for it. Your local bank has granted you a five-year loan. Annual payments on the loan will be made at the end of each year and the amount of the loan payments, which include principal and interest, is $5,000 per year. What is the interest rate that is being charged on the loan?
Which of the following statements about incremental analysis is false?
a. It is based on both historical and future information relevant to the decision at hand. b. It focuses on the differences between alternatives. c. It reduces the time taken to select the best course of action. d. It makes the evaluation process easier for the decision maker.