A financial contract that obligates one party to exchange a set of payments it owns for another set of payments owned by another party is called a ________

Chuck Hewitt was relaxing after work with a colleague at a local watering hole. Well into his second martini, he began expressing his opinions about his company's budgeting practices. It seems that, as a result of "budget handcuffs" that require managers to explain material deviations from budgeted expenditures, his ability to creatively manage his department's activities have been curtailed. The level of control that the company is using in this case is a

A) boundary system. B) belief system. C) interactive control system. D) diagnostic control system.

Why might ad expenditures be high for products in the introductory stage of the product life cycle?

What will be an ideal response?