For firms with high fixed costs, the percent-of-sales approach for preparing a pro forma income statement tends to ________
A) overestimate profits when sales are increasing
B) underestimate profits when sales are increasing
C) underestimate profits when assets are increasing
D) overestimate profits when assets are increasing
B
Business
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Believing that your group is at the "center" of all other groups is called
A) racism B) ethnocentrism C) discrimination D) prejudice
Business
Which of the following statements is true about the role of an administrative law judge (ALJ) during a hearing?
A) An ALJ is required to remain silent during a hearing. B) An ALJ can intervene during a hearing to ask questions. C) An ALJ can only take note of the evidence that both parties have introduced. D) An ALJ must submit questions to the involved parties in writing in advance of the hearing.
Business