Answer: variable budget
Explanation: In simple words, variable budget refers to the budget statement which shows how much different costs would vary if the level of activity as per standards set increases or decreases.
These are also called flexible budget and are made on the basis of current level of output. These budgets provides flexibility to the management with respect to both best case and worst case scenarios.
From the above we can conclude that the correct answer is variable budget.
<span>The
Promark company is using a concentrated marketing strategy. Concentrated
marketing is a marketing plan where in a product is being marketed or sold is a
specific consumer. This marketing strategy is effective for small businesses
because it does not need for a mass advertising and mass production for their
product because it only caters a specific consumer. </span>
Remainder Part:
(a) What type of study is this?
(b) Suggest a sampling strategy for carrying out this study?
Answer:
A. Observational Study
B. Stratified Sampling
Explanation:
<u>Requirement A.</u> I have to carry an Observational study because in the observational study the observer does not interfere with the variables or the subjects. Hence all I have to do here is just collect the opinions of the students.
<u>Requirement B.</u> The stratified sampling method is the method that includes the representation from every small strata (Group) which helps in assessing the complete sample because samples are extracted from each small separate group. Hence it is the best available option when the sample is the mixture of different small groups. In this case, the small groups would be first year, second year, Business student, Science student, etc.
Earnings:
- The increased fines will lower incomes because the expenses of fines will raise companies' costs when companies breach the promotional rules.
- In addition, the drop in advertising for prescription drugs will lead to a decrease in the revenue generated by pharma firms.
Management compensation setting the Drugs Code By Connail Emma:
- Increasing fines will lead to a decline in the compensation agreements for management.
- The extent of the contracts between companies and their promotion agency will be less effective.
- The policies and principles of accounting are accounting standards.
- The amount indicated as profit may be affected by different accounting rules.
- The effect of higher penalties is increased transparency of ethical practice and increasing obscurity of ethical practices in reporting.
This relationship is based on the following:
- The rise in fines for pharmaceutical corporations helps to minimize unethical types of promotion, however, the amount paid by fines for corrupt activity is diminished by the considerable profitability and market share gained from this.
- The introduction of fines would encourage greater openness in which the corporation is morally inclined to comply with marketing rules such that money is paid to doctors just on basis of indiscretions.
- However, gaining significant profits by engaging themselves in unethical practices might stimulate the profession of bookkeeping, which focuses on the profit of the business and so enhances the lack of financial transparency to lower the amount of money paid as fines.
- Since fines are less than profit, higher fines inside the pharmaceutical companies lead to less openness when companies try further to enhance earnings by suffering fewer penalties. So because financial data is less than financial gain.
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Answer:
Direct expenses
Explanation:
Manufacturing expenses are categorized into direct and indirect expenses.
Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.
Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.