A plan that states the number of units to be produced in a future period, based on the projected unit sales and inventory considerations, is the:
A. Cash budget.
B. Production budget.
C. Sales budget.
D. Manufacturing budget.
E. Merchandise purchases budget.
Answer: B
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Which of the following statements is true?
a. Investments in commercial paper or U.S. Treasury bills must be treated as cash equivalents. b. Investments in stock cannot be treated as cash equivalents because they are not convertible into a known amount of cash. c. Investments which are convertible into a known amount of cash and mature within three months after the balance sheet date are treated as cash equivalents. d. Investments in money market accounts cannot be treated as cash equivalents because they do not have a specific maturity date.
Roxana applied for a newly created position at her company but kept saying she wasn’t good enough, even as she sent in her application. When Roxana found out the job went to someone else, she said “See, I told you I wasn’t good enough!” Roxana’s situation appears to be an example of a(n) ______.
a. antithetical outcome b. reciprocal result c. recursive rationalization d. self-fulfilling prophecy
Which of the following is a universal guideline when answering questions during negotiation?
A. Never answer until the question is fully understood. B. Take time to think through your answer. C. Answer a question with a question. D. both never answer until the question is fully understood and take time to think through your answer are correct choices
A guarantor can assert the principal debtor's bankruptcy as a defense to avoid liability on the obligation.
Answer the following statement true (T) or false (F)