Budget slack is a condition in which
a. demand is low at various times of the year.
b. excess machine capacity exists in some areas of the plant.
c. there is an intentional overestimate of expenses or an underestimate of revenues.
d. managers grant favored employees extra time off.
C
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______ is continual improvement that takes place within the existing technology cycle.
a. Strategic change b. Discontinuous change c. Technological change d. Incremental change
A global marketer selling consumer products and services must also consider what the average per capita or ________ is among a country's consumers and how the income is distributed to determine a nation's purchasing power.
A. purchasing power B. household income C. cost of living D. buying capacity E. currency exchange risk
One of the primary values of convertible debt is that it:
a. is money that doesn’t need to be paid back b. removes the need for valuation c. is less expensive than other types of loans d. eliminates a need for venture capitalist funds
In which of the following situations will the inference of the existence of a partnership be drawn from the receipt of profits of a business?
A) Where payments of a debt are made to a creditor in installments from the profits of the partnership B) Where wages are paid to an employee who is not also an owner C) Where an annuity is paid to the widow of a deceased partner from partnership profits D) Neither the creditor, the employee, nor the widow in these situations will be considered a partner under the guidelines in the RUPA.