In the arbitrary allocation approach to budgeting, systematic thinking occurs and objectives are budgeted for.
Answer the following statement true (T) or false (F)
False
The arbitrary allocation approach has no obvious advantages. No systematic thinking has occurred, no objectives have been budgeted for, and the concept and purpose of advertising and promotion have been largely ignored.
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When reconciling a bank account, the company does not have to prepare an adjusting entry for outstanding checks
a. True b. False Indicate whether the statement is true or false
Cost of goods sold is reported on the income statement and is used to determine the gross profit for the period
Indicate whether the statement is true or false
Which of the following would be a reasonable accommodation under the ADA?
a. modifying a job description and job duties to accommodate the disabled worker b. assigning a shadow employee to work with the disabled worker c. providing part-time schedules to accommodate the disabled worker d. creating a new job that the disabled worker can perform
All of the following are commonly excluded by personal umbrella policies EXCEPT
A) acts committed with the intent to cause bodily injury or property damage. B) professional liability. C) aircraft liability. D) libel, slander, and other types of personal injury.