Operating budgets include all the following budgets except the:
A. Sales budget.
B. Cash budget.
C. Production budget.
D. Selling expense budget.
E. General and administrative expense budget.
Answer: B
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Suppose a bank earned $173 million in interest on its assets of $2,153 million, it paid out $81 million in interest on its liabilities (excluding capital) of $2,007 million, and it paid its workers $71 million in total compensation. The bank's spread is approximately
A. 2 percent. B. 3 percent. C. 4 percent. D. 5 percent.
A secretary whose husband comes to her office and shoots her during work would be able to recover under workers' compensation because her injury occurred during work hours and on company property.
Answer the following statement true (T) or false (F)
The following lots of a particular commodity were available for sale during the year: Beginning inventory 5 units at $61 First purchase 15 units at $63 Second purchase 10 units at $74 Third purchase 10 units at $77 The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of the inventory at the end of the year according to the
average cost method? A) $1,380 B) $1,375 C) $1,510 D) $1,220
An administrative exercise that is typically done once a year to identify and discuss job-relevant strengths and weaknesses of individuals or work teams is:
A. performance standard. B. performance encouragement. C. performance facilitation. D. performance appraisal.