Capital budgeting is the method we use to justify the acquisition of those items that have a
useful life in excess of one year.
Indicate whether the statement is true or false
TRUE
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Which of the following statements is not true concerning the monthly income and expense plan?
A) Each month's expenses are planned not to exceed the month's income. B) The year's expenses and income are detailed by each month. C) Some monthly allocations are made by simply dividing the annual estimate by 12. D) It may indicate the need for effective cash management.
Tim Donaghy was a referee for the NBA. Mr. Donaghy began betting in 2003 on NBA games. He also provided tips to other gamblers on who would win games in which he was serving as a referee. Mr. Donaghy's actions: A) were illegal under federal law, but not an ethical breach
B) were a conflict of interest. C) were not a breach of ethics because he used the money he made for a summer camp for underprivileged children. D) None of the above
OSHA's occupational safety and health standards are enforced through:? A) compliance to the variances issued by the Secretary of Labor.? B) ?company records of employee health issues and deaths
C) ?third party data providers on health standards. D) ?physical inspections of workplaces.
Answer the following statements true (T) or false (F)
1. Checks can be cleared only through the Federal Reserve System. 2. Unfortunately, float is too complicated to be effectively managed through any combination of disbursement and collection strategies. 3. It is possible for companies to operate with negative cash balances on their books. 4. A lock-box system is a method of extending disbursements. 5. A lock-box is used to safeguard the corporation's marketable securities.