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Anna35 [415]
3 years ago
7

Which of the following is an example of the benchmarking function of the budgeting​ process? A. The budget outlines a specific c

ourse of action for the coming period. B. A budget demands integrated input from different business units and functions. C. Budgeting requires close cooperation between accountants and operational personnel. D. Budget numbers are used to evaluate the performance of managers.
Business
1 answer:
ivolga24 [154]3 years ago
3 0

Answer:

Answer for the bench marking function of the budgeting​ process is option

<u>C) Budgeting requires close cooperation between accountants and operational personnel. </u>

Explanation:

Bench marking is setting a standard.

During the budgeting process, it can be overwhelming to put together a strategic plan that will suffice for a period. That is where bench marking comes in to aid the procedure.

Instead of just having to guess at your key business numbers, you can look at industry standards by consulting with the accounting and operational personnel before you put your budget together.

For example, industry benchmarks can help you figure out what percentage of your sales most companies spend on marketing and what your margin should be on every sale.

You can use this method for lots of other metrics, including profits, marketing spend, inventory to keep on hand, and cash flow metrics like accounts payable and accounts receivable.

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Economists have remained skeptical of the argument that the​ short-run Phillips curve is vertical for all of the following reaso
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When faced with a business problem, Lauren, a young shoe store owner, discusses business problems with Kurt, the assistant manag
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D. evidence-based

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The legal authority of a salesperson normally is:
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Answer:

to solicit orders and get ratification and acceptance from his or her employer.

Explanation:

Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.

So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.

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3 years ago
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One Chicago has just introduced a new single stock futures contract on the stock of Brandex, a company that currently pays no di
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Answer:

A: $127.2

B: $123.384, $3.816 per share and $3,816 per contract

C: 9.43%

Explanation:

A: Futures price

F° = S° (1 + rₙ) = $120 x 1.06

= $127.20

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New Spot = $120 (1 – 0.03)

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Percentage return = $12,000 / $127,200

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