List and describe the three types of budgets that are included in the master budget.
What will be an ideal response?
1. Operating budget - The set of budgets that projects sales revenue, cost of goods sold,
and selling and administrative expenses, all of which feed into the cash budget and then the budgeted
financial statements.
2. Capital expenditures budget - The budget that presents the company's plan for purchasing property,
plant, equipment, and other long-term assets.
3. Financial budget - The budget that includes the cash budget and the budgeted financial statements.
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Which of the following is a serious problem with survey research when people who choose to respond to the survey may be significantly different from those who do not?
A) response bias B) nonresponse bias C) opt-out bias D) interviewer bias
Which concept below is a phenomenon in which emotions experienced by one or more individuals in a work group spread to the others?
A. emotional contagion B. emotional intelligence C. emotional affect D. emotional labor
Which statement is an important legal guide for employee manuals?
a. Make sure employees know the manual is a contract. b. Omit a description of employee benefits. c. Do not include a disclaimer page. d. Maintain an at-will relationship.
______ allows for the coordination of raw materials purchasing, whereas ______ facilitates the development of a detailed production schedule that accounts for machine and labor capacity and for scheduling the production runs.
A. MRP; MRP II B. MRP II; MRP C. MRP; CRP D. MRP; DRP