Answer:
The benchmarking function of budgeting system involves the evaluation of performance of managers.
The correct answer is C
Explanation:
The integration of inputs from different business inputs and function is done at the planning stage of budgeting. It does not involve benchmarking.
Budgeting requires requires close cooperation between accountants and operational personnel. This is referred to as active participation in budgeting. It helps to overcome behavioural challenges of budgeting.
Budget figures are used to evaluate the performance of managers. This is a benchmarking function of budgeting because it involves the comparison of performance of managers with established criteria so as to determine their level of success.
The budget outlines a specific course of action for the coming year. This indicates that a budget is a financial plan that outlines future courses of action. This does not require benchmarking.
False, in developed nations labor costs are much much higher which is why labor is sent over to less developed countries
Answer:
Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.
Roland is about to analyze primary market research data.
Explanation:
Primary data are always in a state of nature. Primary data are collected by Roland before analysis are from first-hand or primary sources. For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data. Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.
Answer:
2. concern for the welfare of society.
Explanation:
Corporate social responsibility refers to a concept that helps a company to take into account environment and social concerns in the business activities to make valuable contributions to society. According to this, the answer is that corporate social responsability describes the firm's concern for the welfare of society.
Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.
Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.
Learn more about the burden of this tax here.
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