Zorah, the manager of a gift shop, needs a fast solution when an employee asks for a day off during the busiest shopping week of the year. A ________ solution will be most helpful to Zorah in this situation.
A. personal
B. one-time
C. creative
D. ready-made
E. customized
Answer: D
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An example of event risk is:
A. inflation. B. a corporate takeover. C. a newspaper article about the economy. D. changing seasons. E. capital growth.
Which of the following guidelines is not a presentation that pro forma financial information should adhere to?
a. It should describe the transaction or event that is reflected in the pro forma financial information. b. It should describe significant assumptions used to develop the pro format adjustments. c. It should make clear that the pro forma financial information is indicative of results that would have been achieved had the transaction or event actually taken place at an earlier time. d. It should describe any significant uncertainties about those assumptions.
The contribution margin approach helps managers in short-term decision making because it ________.
A) treats fixed manufacturing overhead as product costs B) reports only mixed costs C) reports costs and revenues at present value D) isolates costs by behavior
When management by exception is used, both favorable and unfavorable variances should be investigated
Indicate whether the statement is true or false