The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed costs. Therefore, the use of the past cost and expense ratios generally tends to ________ profits when sales are increasing

A painter did some work on a owners's house and was not paid. The owner also owned several other properties in the same neighborhood. The painter would most likely file a mechanic's lien against:

A. All the owner's real property. B. All the owner's personal property. C. The owner's property worked on by the painter. D. Both the owner's real and personal property.

Staff in an IT department are experts in managing specific technology, but none of them know what services are offered to the business. What imbalance does this represent?

A. Extreme focus on cost B. Extreme focus on responsiveness C. Vendor focused D. Extreme internal focus