An ________ option can be exercised only on its expiration date, whereas a/an ________ option can be exercised anytime between the date of writing up to and including the exercise date

Internally generated goodwill associated with a business may be recorded as an asset when a firm offer to purchase that business unit has been received.

a. true b. false

The budgeting process has three important guidelines: (1) Employees affected by a budget should be _____________ when it is prepared (participatory budgeting), (2) goals reflected in a budget should be ____________, and (3) evaluations should be made carefully with opportunities to _______ any failures.

Fill in the blank(s) with the appropriate word(s).