What type of report is created based on data that does not change?
A. Structured report
B. Dynamic report
C. Variable report
D. Static report
Answer: D
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Cultural diversity awareness is being _________ of diversity that’s present in any working or social environment, while cultural competence refers to the level of _________ a person has about others who differ in some way in comparison to him or herself.
a. tolerant; understanding b. aware; knowledge c. knowledgeable; awareness d. considerate; empathy
The major difference between the top-down and bottom-up budgeting process is the _____
a. resulting budget amount obtained b. degree of employee/manager participation c. starting amount in the budget d. absence or presence of opportunity costs in the budgetary process
Of the ways of determining public relations budgets, which one reinforces the impression that public relations is an optional activity?
A. Percentage of total income D. Portion of total operating budget B. Task or goal basis E. Profit or surplus after "breaking even" C. Competitive necessity
Burrows Inc had an outstanding loan at the beginning of 2011 totaling $50,000. During 2011, $16,800 was paid out related to this loan broken down as follows: $15,000 towards principal and $1,800 in interest. Which of the following statements is correct regarding how the $16,800 payment should be depicted on the statement of cash flows?
A) The entire $16,800 should be shown as a cash outflow for financing activities. B) The entire $16,800 should be shown as a cash outflow for investing activities. C) The $15,000 principal portion should be shown as a cash outflow for financing activities, and the $1,800 in interest should be shown as a cash outflow for operating activities. D) The $15,000 principal portion should be shown as a cash outflow for investing activities, and the $1,800 in interest should be shown as a cash outflow for operating activities.