External data is data that originates outside of the client organization

Which of the following describes the selling and administrative expenses budget?

A) It aids in planning to ensure the company has adequate inventory on hand. B) It captures the variable and fixed components of selling and administrative expenses of the business. C) It depicts the breakdown of sales based on terms of collection. D) It shows the cash flows related to the selling and administrative expenses and helps in planning to ensure the business has adequate cash.

Which of the following is an argument put forth by critics of the IMF?

A. It increases barriers to the free flow of goods and investment across national borders. B. It provides assistance only to developing nations and completely ignores the developed nations. C. It is not powerful enough to ensure that the nation-states adhere to the rules laid down in trade treaties. D. It promotes the rise of communism across the globe. E. It usurps the sovereignty of nation-states by telling governments what economic policies they must adopt.