Which of the following describes the selling and administrative expenses budget?
A) It aids in planning to ensure the company has adequate inventory on hand.
B) It captures the variable and fixed components of selling and administrative expenses of the business.
C) It depicts the breakdown of sales based on terms of collection.
D) It shows the cash flows related to the selling and administrative expenses and helps in planning to
ensure the business has adequate cash.
B) It captures the variable and fixed components of selling and administrative expenses of the business.
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An easement by prescription
A. creates a leasehold estate. B. creates a right of use to the land in question. C. occurs when landlocked property is purchased. D. creates ownership of the land in question.
A situational analysis is also known as
A. strategic control. B. SWOT analysis. C. trend analysis. D. contingency planning. E. forecasting.
For managers, the importance of Maslow's contribution is that he showed that workers
A. are only interested in compensation that helps them fulfill physiological needs. B. are as complex as their organization. C. have needs that cannot be understood by their employer. D. expect an employer to fulfill every level of their hierarchy of needs. E. have needs beyond that of just earning a paycheck.
In Step 2 of the breakeven analysis, plot the ______ on the vertical axis and the ______ on the horizontal axis.
A. fixed costs; variable costs B. total costs; annual production volume C. annual production volume; variable costs D. variable costs; fixed costs