Advantages of budgets Study guides, Class notes & Summaries

Business Management UNIT 3/4 EXAM Questions With 100% Correct Answers 2024 Sole Trader - answerBusinesses owned and operated by a single individual. Advantage: -Owner has complete control over all decisions in the business - The owner has the right to keep all the profits after taxes Disadvantage: - Unlimited liability for business debts - Burden of management and failure all falls to the owner Partnership - answerBusinesses that are owned by a minimum of 2 and a maximum of 20 people. ...

Chapter 9 Profit Planning True/False 1. F Medium The usual starting point in budgeting is to make a forecast of cash receipts and cash disbursements. 2. F Medium Budgets are used for planning rather than for control of operations. 3. T Easy A continuous or perpetual budget is one which covers a 12­month period but which is constantly adding a new month on the end as the current month is completed. 4. F Easy Control involves developing objectives and preparing the vario...

Business Management UNIT 3/4 EXAM Questions With 100% Correct Answers 2024 Sole Trader - answerBusinesses owned and operated by a single individual. Advantage: -Owner has complete control over all decisions in the business - The owner has the right to keep all the profits after taxes Disadvantage: - Unlimited liability for business debts - Burden of management and failure all falls to the owner Partnership - answerBusinesses that are owned by a minimum of 2 and a maximum of 20 people. ...

Program vs. Portfolio vs. project - program is a collection of projects and a porfolio is a collection of programs and projects. a project is a temporary endeavor. project - A temporary endeavor undertaken to create a unique product, service, or result. 1. goals and deliverables 2. start and end date 3. clear scope and deliverables 4. specific resources and budgeting program - 1. closely related projects 2. multiple projects with interdependencies 3. larger scope than large ...

NCSU MIE 201 Finalretailer’s vs wholesalers - correct answer wholesalers sell to other organizations retailers sell for personal use third party logistics - correct answer an outsourcing trend where firms aid organizations with supply chain management (order fulfillment, product repair, customer service) effective social media strategies - correct answer combines word of mouth with communication technologies strategy must develop a cost effective media mix direct marketing advan...

Business Management UNIT 3/4 EXAM Questions With 100% Correct Answers 2024 Sole Trader - answerBusinesses owned and operated by a single individual. Advantage: -Owner has complete control over all decisions in the business - The owner has the right to keep all the profits after taxes Disadvantage: - Unlimited liability for business debts - Burden of management and failure all falls to the owner Partnership - answerBusinesses that are owned by a minimum of 2 and a maximum of 20 people. ...

Which of the following statements is true about business intelligence? correct answers It is the use of information systems to gather and analyze information from internal and external sources in order to make better business decisions. "Backward looking" budgets are typically based on ________. correct answers historical data Responding to threats and opportunities and continuous planning are based on analyzing internal data primarily from the ________ level of an organization. correct ...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is he liable for is: c.The total amount b.$50 d.$25 - answerB Why is term life insurance usually the least expensive type of life insurance? a. The policy only pays a death ben...

AWS CLOUD PRACTITIONER EXAM QUESTIONS WITH COMPLETE SOLUTIONS Cloud Computing on demand delivery of compute power, database storage, applications, and other IT resources through a cloud services platform via the internet with pay as you go pricing 6 Advantages of Cloud Computing 1. trade capital expense for variable expense 2. Economies of scale 3. Stop guessing about capacity 4. increase speed and agility 5. stop spending money running data centers 6. go global in minutes 3 Types of...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...