Discretionary income is an elusive concept because the definition of necessities varies from family to family and over time.
Answer the following statement true (T) or false (F)
True
Discretionary income is an elusive concept because the definition of necessities varies from family to family and over time. It depends on what they think is necessary for their lifestyle.
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When comparing the direct write-off and allowance methods, the major difference is ________.
A) when to record bad debts expense B) when to recognize revenue C) determining the balance of the Allowance for Bad Debts account D) developing adequate procedures for granting credit
When a survey instrument measures intended information accurately, is it about the instrument’s validity or reliability?
a. validity b. reliability
Hofstede's ______________________ dimension is a measure of how people deal with the unexplainable in their lives.
Fill in the blank(s) with the appropriate word(s).
In a diversified company, the strategy-making hierarchy consists of
A. business strategies, functional strategies, and operating strategies. B. its diversification strategy, its line of business strategies, and its operating strategies. C. corporate strategy and a group of business strategies (one for each line of business the corporation has diversified into). D. corporate strategy, business strategies, functional strategies, and operating strategies. E. corporate or managerial strategy, a set of business strategies, and divisional strategies within each business.