Ways to "game" the budgeting process include
a. accelerating sales if just short of a target
b. accelerating expenses if just short of a target
c. accelerating sales once a target is met
d. delaying expenses costs once a target is met
a
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The financial statements of firms generally are audited by
A) employees of the firm being audited. B) employees of private accounting firms. C) the board of directors of the corporation being audited. D) employees of the federal government.
Which of the following is the best example of an intermediate good?
a. a new fighter jet purchased by the federal government b. tires purchased by an automobile manufacturer for installation on new cars c. a new saw purchased by a carpenter d. screwdrivers purchased by a homeowner for home repairs e. aprons purchased by restaurant chefs