Participative budgeting streamlines the budgeting process by reducing budget development time.
Answer the following statement true (T) or false (F)
False
Participative budgeting includes the use of input from lower and middle managers in budgeting and is time-consuming.
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Which of the following is NOT a psychological objection?
A. Predetermined beliefs B. Prospect having overstock of your products C. Dislikes making a buying decision D. Resistance to domination E. Resistance to spending money
A due-on-sale clause requires immediate repayment of the loan when the property changes hands
Indicate whether the statement is true or false.
Following the earthquake, ____ law was declared
A) martial B) marshal
Stock A has a beta of 0.8, Stock B has a beta of 1.0, and Stock C has a beta of 1.2. Portfolio P has 1/3 of its value invested in each stock. Each stock has a standard deviation of 25%, and their returns are independent of one another, i.e., the correlation coefficients between each pair of stocks is zero. Assuming the market is in equilibrium, which of the following statements is CORRECT?
A. Portfolio P's expected return is greater than the expected return on Stock B. B. Portfolio P's expected return is equal to the expected return on Stock A. C. Portfolio P's expected return is less than the expected return on Stock B. D. Portfolio P's expected return is equal to the expected return on Stock B. E. Portfolio P's expected return is greater than the expected return on Stock C.