In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment declines over the life of the loan, and the interest portion of each payment grows over the life of the loan

Budgets and performance reports should be developed on the basis of

A) responsibility accounting. B) generally accepted accounting principles. C) financial accounting standards. D) managerial accounting standards.

The numbers in a PERT network refer to the

a. amount of time consumed by events. b. completion date for projects. c. time required to complete activities between events. d. average of the optimistic and pessimistic times.