Under participatory budgeting, some employees might understate sales budgets and overstate expense budgets to allow them a cushion, or _____________, to aid in meeting targets.
Fill in the blank(s) with the appropriate word(s).
Ans: budgetary slack
Business
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Direct product profitability for a new product over a three-year period can be assessed through _____
a. use of a sales opportunity grid b. measuring a product's sales potential c. estimating holding costs d. computing a product's markup
Business
If you wish to double your money in 6 years, you must earn an interest rate of about
A) 8%. B) 24%. C) 12%. D) 36%.
Business