Which of the following is true regarding the protection of infant industries from international competition?
A) It is difficult for governments to identify the industries worth protecting.
B) Protection of infant industries helps domestic companies become innovative.
C) Protection from competition leads to improved quality and lower prices.
D) Protection leads to more economic good than harm.
A
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The final step in preparing the master budget is summarizing the company's financial position through the________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements about management by exception is incorrect?
A) Managers concentrate on results that are outside the accepted parameters. B) There is no need to investigate variances that are less than 10%. C) Exceptions can be expressed as a percentage of a budgeted amount or a dollar amount. D) Many companies use a combination of percentages and dollar amounts.