Self-imposed budgets typically are:
a. not subject to review by higher levels of management except in specific cases where the input of higher management is required.
b. not critical to the success of a budgeting program.
c. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
d. not subject to review by higher levels of management since to do so would contradict the participative aspect of the budgeting processing.

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?

How might a recent college graduate's investment portfolio differ from someone who is near retirement