Which is the purpose of a budget?

conserving on scarce natural resources

keeping their expenses below their income

finding the lowest prices for goods and services

weighing the information needed to make rational decisions

Management by exception a. causes managers to be buried under voluminous paperwork. b. means that all differences will be investigated. c. means that only unfavorable differences will be investigated. d.

Greg works for Geneva Steel Corporation. Greg's duties include managing the overall processes for the company and transforming the steel resources into goods. Which department would Greg most likely work in?

Which characteristic describes the privatization of Social Security? A.) increases the employer's contribution to Social Security B.) raises the retirement age to claim full benefits to 70 C.

Which of the following actions has the best potential for experiencing economies of scope? a. producing spaghetti and soft drinks b. producing computers and software c. producing a product that has appeal to a wider segment of the market d.

In the context of organizational environments, which of the following is true of mechanistic organizations? a. They are characterized by loosely defined and frequently changing roles. b.

Because email, chat, and text messages are less formal methods of communication, good technical writing skills are less important for these messages. O True O False

Several years ago, the United States went to war with Iraq. This led to an increase in government expenditures and a decrease in private consumption and investment. What is the total effect of these circumstances on aggregate demand?

If the technology is flexible it becomes more difficult to distribute manufacturing in many local facilities. it becomes more difficult to consolidate manufacturing in a few large facilities.

A person buys a flat screen, plasma, theater-like television. the person has homeowner? s insurance. why would it be appropriate to add a personal property floater to that insurance?

What type of business makes physical goods that customers can see or touch