In a participative budgeting system, budget information flows in both directions, from bottom to top, and from top to bottom.
Answer the following statement true (T) or false (F)
True
Both managers and subordinates must cooperate if the participatory process is to produce an effective budget.
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Which of the following is NOT a cash outflow from an operating activity?
a. a withdrawal by the owners b. a payment for the acquisition of inventory c. a payment to the government d. a payment for interest on a loan
Functional strategy is a strategy that ______.
A. attempts to address the fundamental question of what industries and markets the organization should enter and compete in B. attempts to address the fundamental question of how a company can compete in a particular industry C. attempts to address the fundamental question of how to manage a particular function D. attempts to address the fundamental question of what advertising strategy to follow
Blogs can sometimes act like traditional media
Indicate whether the statement is true or false
Ken Jones has just won the state lottery
The state offers the following three payout options for after-tax prize money: 1. $50,000 per year at the end of each of the next six years 2. $300,000 (lump sum) now 3. $400,000 (lump sum) six years from now Calculate the present value of each scenario using an 8% annual discount rate. Round to nearest whole dollar. Present value of an ordinary annuity of $1: 7% 8% 9% 1 0.935 0.926 0.917 2 1.808 1.783 1.759 3 2.624 2.577 2.531 4 3.387 3.312 3.240 5 4.100 3.993 3.890 6 4.767 4.623 4.486 Present value of $1: 7% 8% 9% 1 0.935 0.926 0.917 2 0.873 0.857 0.842 3 0.816 0.794 0.772 4 0.763 0.735 0.708 5 0.713 0.681 0.650 6 0.666 0.630 0.596 What will be an ideal response