In an organization, the administrative department consists of one clerk whose soleresponsibility is the management of various administrative functions. The notation thataccurately indicates this relationship is ________

A one-year zero-coupon bond yields 4.0%. The two- and three-year zero-coupon bonds yield 5.0% and 6.0% respectively. The one-year spot rate r(1) = 4%, the forward rate for a one-year loan beginning in one year is 6%, and the forward rate for a one-year loan beginning in two years is 8%. Which of the following rates is closest to the three-year spot rate?

A. 4.0% B. 6.0% C. 8.0%

Cost behavior is considered in developing the selling and administrative expense budget as costs are designated as variable or fixed

Indicate whether the statement is true or false