In well-understood, routine projects, such as highway construction, budgeting is: a. usually very precise and accurate. b. rarely accurate because each highway is different. c. estimating by scaling the various cost elements based on historical data. d. routine and boring.

Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages.true or false?

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.