Answer:
The answer is c. operating (master) budget.
Explanation:
Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.
Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.
As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.
Answer:
Which of the following situations would be considered cyclical unemployment?
B-D
Explanation:
D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.
B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy.
It gives you more ideas to make the final product better than what it original product
Answer:
Partnership Business
Explanation:
Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.
Grub Galore is owned by Bob and Rob which makes it a partnership business.
Advantages
1) Profit is shared by partners only.
2) It is financed by more than one person which makes capital more available.
3) Decision making is faster company to limited liability companies
Disadvantages
1) Loss is shared among partners only.
2) Death of one partner might lead to the end of the business.
3) Disagreement between partners might end the business.
