When discussing the roles of budgets, a planning role in the budgeting process includes:
A) measuring outcomes against planned amounts.
B) developing the master budget.
C) assessing performance.
D) reporting actual amounts at the end of the budgeting period.
B
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Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on three different characteristics
He plans to short-list only those computers, that score at least a seven on his scale on all three characteristics. Which of the following choice heuristics has he chosen? A) elimination-by-aspects heuristic B) lexicographic heuristic C) conjunctive heuristic D) anchoring and adjustment heuristic E) representativeness heuristic
A horizontal audit is often conducted prior to a vertical audit, since the horizontal audit _____
a. often reveals areas that need further study b. is less costly c. is more likely to be conducted by a company specialist d. is more likely to be nondisguised