Budgets:

a. are financial plans for the future.
b. are operating plans for the future.
c. represent an important aspect of planning.
d. include actions needed to achieve objectives.
e. All of the answers are correct.


e

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A) India B) The United States C) Brazil D) China E) Russia

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Value stream mapping (VSM) ______.

a. is typically done once an organization has converted to a lean system b. facilitates identifying sources and causes of waste c. has the potential to increase the carbon footprint d. is applied only in push production systems

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Which of the following is not includable in gross income for Federal income tax purposes?

A) Sales commissions B) Cash you receive for painting your neighbor's house C) Qualifying dividends D) Municipal bond interest

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Corporations have existed for centuries, but the modern "liberal" general incorporation statutes were first passed in:

a. the late 1700s b. the 1930s c. the 1950s d. the 1960s e. none of the other choices

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