A continuous budget:
a. is prepared for only the relevant range.
b. is a plan updated monthly or quarterly.
c. is a plan where one month or quarter is dropped and another is added.
d. Both b and c answers are correct.
e. All of the answers are correct.
d
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Ready Corporation's accounts receivable balance after posting net collections from customers for 2012 is $190,000. Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages. There are $120,000 that are 1 to 30 days past due at 3% and $70,000 that are 31 to 60 days past due at 8%. The net realizable value of the accounts
receivable is: A) $184,400 B) $186,400 C) $190,000 D) $180,800
A firm’s operations strategy ______.
a. guides a firm in using its operational resources effectively to help it achieve a competitive advantage b. provides a road map for decisions regarding business acquisitions or divestitures that the firm’s operations managers make c. Is directly influenced by a firm’s corporate strategy d. Directly influences a firm’s corporate strategy
Which of the following persons is an agent?
a. Diane, a shoe salesperson for a retail store. b. Tim, a real estate broker for a large real estate company. c. Craig, a telephone marketing employee. d. All the above.
A favorable labor climate might include all of the following EXCEPT:
A) a good work ethic. B) no union presence. C) high average wages. D) an educated work force.