Select the incorrect statement about budgeting committees.
A. Budget committees usually have responsibility for the coordination of budgeting activities.
B. Membership on the budget committee is restricted most often to accountants because the budget involves numbers.
C. The budget committee is responsible for settling disputes between various departments over budget matters.
D. One of the responsibilities of the budget committee is to monitor the organization's progress toward achieving its budget standards.
Answer: B
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Answer the following statements true (T) or false (F)
1. In time-critical situations, satisficing may be a good approach to decision making. 2. One problem with the incremental model is that temporary steps may actually impede a beneficial long-term solution. 3. When then-president of Chrysler Bob Lutz ordered the development of the Dodge Viper without supporting research but because it "just felt right," he was using the incremental model of decision making. 4. Intuition based on feelings rather than expertise, or the involuntary emotional response to those feelings, is known as automated experience.
If the federal government has chosen not to regulate an area of commerce despite possessing the Commerce Clause powers to regulate it, the area is subject to the Dormant Commerce Clause.
Answer the following statement true (T) or false (F)
The owner of a pet grooming salon wants to calculate customer equity. Which of the following would be a step the owner of this pet grooming salon should complete?
A) Compare investments made by the salon owner in acquiring the customer to the total amount of purchases made by the customer. B) Compare investments made by the salon owner to retain this customer to the total amount of taxes the salon owner pays. C) Ask the customer if she is planning on getting any new pets. D) Investigate how many other pet grooming salons are within five miles to determine the likelihood of this pet owner returning to this salon. E) Determine the age of the pet to estimate how much longer this customer may need the services of the salon.
Although more price-conscious than other population segments, ________ consumers tend to be strongly motivated by quality and selection, and give importance to brands
A) lower upper B) African American C) Asian American D) Filipino E) working class