When the price elasticity of demand is unitary and prices go up, total _____

A static budget

a) should not be prepared in a company. b) shows planned results at the original budgeted activity level. c) is changed only if the actual level of activity is different than originally budgeted. d) is useful in evaluating a manager's performance by comparing actual variable costs and planned variable costs.

Which of the following adjustemnets do not occur in the consolidation process?

a) Elimination of parent's retained earnings b) elimination of intra-company balances c)allocations of difference between implied and book values d)elimination of the investment account