Against Betty's judgment, her boss decides to market Frankfurter's beef sausages in the town of Xunagshi, believing that it would rake in a huge profit. Which of the following, if true, would prove that her boss's decision is a bad one?
A) There are very few vegetarians in Xunagshi.
B) Due to their exposure to the Western culture, the youth of Xunagshi is more open to fast food than the town elders.
C) The traditional dishes of Xunagshi are more expensive than the beef sausages.
D) Xunagshi has a large Hindu population, all of whom are forbidden from eating beef.
D
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Which of the following is an example of the benchmarking function of the budgeting process?
A) A budget demands integrated input from different business units and functions. B) Budgeting requires close cooperation between accountants and operational personnel. C) Budget figures are used to evaluate the performance of managers. D) The budget outlines a specific course of action for the coming period.
Marginal analysis is most appropriately described as
A) matching problems with appropriate strategies to deal with them. B) examining changes in variables that are related to controllable decision inputs. C) looking at the "next-best" strategy when "first-best" isn't available. D) balancing consumption and investment budgets.