Setting team-level expectations the project manager should use the kickoff meeting to not only share project information but also set the project by establishing clear roles for her team.
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation and created at the beginning of the development process. The primary constraints are scope, time, and budget.
Project managers (PMs) are responsible for planning, organizing, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.A project manager is a professional in the field of project management. The project manager is responsible for planning, procuring, and executing the project in any endeavor that has a defined scope, a defined beginning, and a defined end. irrespective of industry.
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Primary markets are large and important, while secondary markets are smaller and less important. True or false?.
Primary markets are large and important, while secondary markets are smaller and less important is a false statement.
What are primary markets and secondary markets?
The primary market is a type of market where the securities are created, on the other hand secondary market is where these securities gets traded by the investors.New stocks are sold by the companies in the primary market and are bonded to the first public for the first time. For example, Initial Public offering.In secondary market, the investors sell and buy products that are already owned by them.The purchase is direct in primary market and indirect in secondary market.
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Prepare the financial statements for smart touch learning for the month of december. Remember that the business started operations this month so all beginning balances were zero. For the statement of retained earnings and the balance sheet, enter any decreases with a minus sign or parentheses. Check your spelling carefully and do not abbreviate. Enter account names exactly as provided in the adjusted trial balance.
The financial statements for smart touch learning for the month of December. Account names exactly provided in the adjusted trial balance
are- Insurance Expense, Utilities Expense, Current Assets.
For the year ended December 31, 2016
Service Revenue $27,600
Salaries Expense 7,200
Depreciation Expense Furniture 100
Insurance Expense 350
Utilities Expense 380
Rent Expense 2,000
Supplies Expense 60 10,090
Net income $17,510
2. Statement of Retained Earnings
Net income $17,510
Dividends (4,600)
Retained earnings $12,910
3. Balance Sheet
As of December 31, 2016
Assets
Current Assets:
Cash 45,710
Accounts Receivable 1,300
Office Supplies 350
Prepaid Insurance 1,050 48,410
Noncurrent assets:
Furniture 9,100
Acc. Depreciation - Furniture (100) 9,000
Total assets 57,410
Liabilities and Equity
Current liabilities:
Salaries Payable 4,600
Unearned Revenue 4,400
Total liabilities 9,000
Equity:
Common Stock 35,500
Retained earnings 12,910
Total equity 48,410
Total liabilities and equity 57,410
4. Statement of Cash Flows
Operating activities:
Net income $17,510
Add Non-cash flows:
Depreciation expense 100
Working capital changes:
Accounts Receivable (1,300)
Office Supplies (350)
Prepaid Insurance (1,050)
Salaries Payable 4,600
Unearned Revenue 4,400
Net operating cash $23,910
Investing activities:
Furniture ($9,100)
Financing activities:
Common Stock 35,500
Dividends (4,600)
Net financing cash $30,900
Net cash flows $45,710
Data and Calculations:
SMART TOUCH LEARNING
Adjusted Trial Balance
December 31, 2016
Account Title Debit Credit
Cash 45,710
Accounts Receivable 1,300
Office Supplies 350
Prepaid Insurance 1,050
Furniture 9,100
Accumulated Depreciation - Furniture 100
Salaries Payable 4,600
Unearned Revenue 4,400
Common Stock 35,500
Dividends 4,600
Service Revenue 27,600
Salaries Expense 7,200
Depreciation Expense Furniture 100
Insurance Expense 350
Utilities Expense 380
Rent Expense 2,000
Supplies Expense 60
Total 72,200 72,200
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Shipments of compact digital cameras dropped by 42% due to the industry being unable to adjust to changes in the ________.
Shipments of compact digital cameras dropped by 42% due to industry being unable to adjust to changes in the technological dimension.
The technological dimension tends to focus on identifying the ways in which technology is incorporated into the current organization. So the work of this dimension is to question whether the company provides digital solutions in its products and services to its customers.
So here, an example is taken of the shipments of compact digital cameras which dropped by 42% due to the industry being unable to adjust to changes in the technological dimension. Thus, the product then failed to satisfy the consumer wants.
Hence, the technological dimension includes the scientific and technological advancements in a society and specific industry at large.
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If+the+interest+rate+is+9%,+what+is+the+present+value+of+$500+paid+at+the+end+of+year+5?
If the interest rate is 9%, what is the present value of $500 paid at the end of year 5 is 324.97.
What is interest rate?The interest rate is amount a lender charges a borrower and is a percentage of the principal—amount loaned. The interest rate on a loan is the typically noted on an annual basis known as the annual percentage rate (APR).
An interest rate can also apply to amount earned at a bank or credit union from a savings account or certificate of deposit (CD). Annual percentage yield (APY) refers to interest earned on these deposit accounts.
Interest is essentially a charge to borrower for the use of an asset. Assets borrowed can include the cash, consumer goods, vehicles, and property. Because of this, interest rate can be thought of as the "cost of money" - higher interest rates make borrowing same amount of money more expensive.
Interest rates thus apply to the most lending or borrowing transactions. Individuals borrow the money to purchase homes, fund projects, launch or fund businesses, or pay for college tuition. Businesses take out the loans to fund capital projects and expand their operations by purchasing fixed and long-term assets such as land, buildings, and machinery. Borrowed money is repaid either in a lump sum by a pre-determined date or in the periodic installments.
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The first three rooms took the painter a total of 9 hours to paint. If the learning curve rate is 85%, how long will it take the painter to paint all 20 rooms in stately wayne manor?.
The first three rooms took the painter a total of 9 hours to paint. If the learning curve rate is 85%, The painter will take more than 40 hours to paint all 20 rooms in stately Wayne manor.
3 rooms are painted in 9 hours.
Therefore, 1 room can be painted in 9/3 = 3 hours
Now, 20 room can be painted in = 20 × 3 = 60 hours
Learning curve rate is 85% which means 15% of improvement is needed due to which more hours will be needed to complete the 20 hours of painting.
= 60 × 15% = 60 × 0.15 = 9 hours.
So total of 60 + 9 = 69 hours is taken to paint 20 room.
Since it is more than 40 hours.
A learning curve is a mathematical idea that illustrates visually how a process improves over time as a result of learning and growing skill. According to the learning curve idea, things will take less time and effort to complete the more times they are completed because of the proficiency that is acquired when the procedure is learnt. The learning curve, which is a tool for estimating costs and gauging the effectiveness of production, was initially introduced by psychologist Hermann Ebbinghaus in 1885.Learn more about Learning curve, here.
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tax is the legal act of arranging one's transactions to minimize taxes paid. tax is the willful act of defrauding the government by not paying taxes legally owed.
Tax is the legal act of arranging one's transactions to minimize taxes paid. Tax is the willful act of defrauding the government by not paying taxes legally owed avoidance and evasion.
What is Tax?A duty is a obligatory financial charge or some other type of duty assessed on a taxpayer( an individual or legal reality) by a governmental association in order to fund government spending and various public expenditures( indigenous, original, or public), and duty compliance refers to policy conduct and individual behavior aimed at icing that taxpayers are paying the right amount of duty at the right time and securing the correct duty allowances and duty reliefs.Why do we pay duty?Impositions are used by the government for carrying out various welfare schemes including employment programes.There are Lakhs of workers in various departments and the administrative cost has to be borne by the Government.Learn more about Tax here:
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a long year-end status report for work is 102 pages long. you need to print 14 copies for a meeting next week. how much is the paper going to cost for those reports? paper is sold in reams (500 pages) for $3.12 each.
For these reports, the cost of the paper will be $9.36.
A Paper Ream: What Is It?
The term "paper ream" refers to a bundle of 500 identically sized sheets of paper that are of the same style and quality. Reams of paper are a common unit of purchase for consumers, but printers occasionally produce considerably larger quantities.
Additionally, this quantity serves as the basis for determining the weight of paper, which serves as a proxy for its density. The pound symbol (#) is typically used to denote weight so that customers can look at it when choosing paper. This symbol is frequently found on the endcap of a ream.
Calculation:
102 * 14 = 1428 pages.
1428 / 500 = 2.9 (approx.)
Three reams of paper, each with 500 pages, are required.
It will cost 3 * 3.12 = $9.36
As a result, the price of the paper will be $9.36.
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when a bailee is holding goods that are to be delivered under a contract without being moved, risk of loss passes when the bailee acknowledges the buyer’s right to the goods.
When a Bailee is holding goods that are to be delivered under a contract without being moved, risk of loss passes when the Bailee acknowledges the buyer’s right to the goods. The buyer has the choice to return the good or the product or undo the sale in a sale or return.
When are the goods held by a Bailee?A Bailee is an individual who can temporarily gain possessions of a good or property, but doesn't have the ownership of the same.
Bailee is also called as custodian, and is trusted with the property and the good of another individual called as Bailor.
When the goods are under a Bailee, the risk of loss arising out of the sales and return cannot pass on to the buyer.
The court can determine the price at the time of delivery, if the parties responsible for the sales of goods doesn't agree on a price.
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suppose that every time a fund manager trades stock, transaction costs such as commissions and bid−ask spreads amount to 0.4% of the value of the trade. if the portfolio turnover rate is 45%, by how much is the total return of the portfolio reduced by trading costs?
The total return of the portfolio reduced by trading costs = 0.4%
How is the lower trading cost determined?
In light of this,
When a fund manager trades stock, then
Transaction costs equal 0.4% of the trade's value.
Portfolio turnover rate = 50%;
Each year, 50% of the portfolio stock is sold and exchanged for other securities.
Selling order trading costs = 0.4%
Trading fees on purchase orders = 0.4%
Therefore,
Trading costs reduce the portfolio's total return:
= 2 × 0.50 × 0.004
The portfolio's total return minus trading costs equals 0.4%.
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a deliverable in a process breakdown structure (pbs) is defined as:multiple choice question.an output of some activity allowing the start of a new project phase.a clearly defined, specific product or service described by the project scope.an intangible outcome.
The outcome of an activity that enables the beginning of a new project phase is referred to as a deliverable in a process breakdown structure (PBS).
A project's hierarchy of the products or results it will produce is called a product breakdown structure, or PBS. It may be compared to the project's "shopping list." It uses a hierarchical framework to break down a "Main Project Product" into its component elements. Despite coming from the PRINCE2 approach, you may utilize the product breakdown structure in any product management context. It is employed there to evaluate, record, and convey a project's results. Using a product breakdown structure, you may break down a complicated project or product into more manageable parts. Teams may then have a clear grasp of a product, its parts, and what is needed to supply those parts.Know more about process breakdown structure:
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Ethnocentric managers believe that their native country, culture, language, and behavior.
Managers that have an ethnocentric mindset think that their native country, culture, language, and way of life are better to everyone else's and that "We Know Best"
What is native country?The nation or region where you were born and raised is your native country or region. He had not been back to his own nation since 1948. counting noun A person who was born in a certain nation or region is known as a native.
Indigenous peoples, also known as , First peoples, Native peoples, Aboriginal peoples, , Indigenous natives, or Autochthonous peoples (these terms are frequently capitalized when referring to specific indigenous peoples as ethnic groups, nations, and the members of these groups), are culturally distinct ethnic groups whose members are directly descended from the earliest known inhabitants of a specific geographic region and, to some extent, maintain the language, customs, and way of life that have been passed down through generations.
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Hillman corporation reported a decrease in accounts receivable of $391,216. This is best defined as a _________ of cash on the _______________ segment on the statement of cash flows.
This is best described as a cash source on the operating activities segment of the cash flow statement.
More about operating segment:
The sum of funds a business earns from ongoing, routine business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities (CFO). It is shown as the first portion of the cash flow statement for a corporation.
Net income and any alterations, such as depreciation expense, changes in accounts receivable, inventory, accounts payable, etc., are included in the operating segment of the cash flow statement. While a rise in operating cash flows results from a decrease in accounts receivable.
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a certain medical organization tends to oppose the use of meat and dairy products in our diets, and that organization has received hundreds of thousands of dollars in funding from an animal rights foundation.
There certainly appear to be the possibility of bias. There is a motivation to deliver results that are consistent with the organization's and its supporters' creeds.
What is a voluntary response sample ?A voluntary response sample is made up of persons who chose to participate by responding to a general request. Because they are biased, voluntary answer samples are unreliable. People who have strong feelings are more inclined to respond. a straightforward random sample (SRS).
What is a voluntary response sample?Sample of voluntary responses: The researcher asks individuals of a population to join the sample, and participants choose whether or not to participate. For example, a TV show host might encourage his audience to visit his website and vote in an online poll.
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If your net income is $13,000 and your variable expenses are $2,000, fixed expenses are $5,000 your cash surplus is:_____.
If your net income is $13,000 and your variable expenses are $2,000, fixed expenses are $5,000 your cash surplus disposable income is $6000.
It is calculated as $13000-2000-5000=
$6000
Disposable income is also known as disposable personal income or DPI, is the amount of money which any individual or household has to spend and save after income taxes have been deducted.
At the macro economic level, disposable personal income is closely monitored as it is one of the key economic indicators that is used to gauge the overall state of the economy.
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portfolio managers are frequently paid a proportion of the funds under management. suppose you manage a $112 million equity portfolio offering a dividend yield (div1/ p0) of 6.2%. dividends and portfolio value are expected to grow at a constant rate. your annual fee for managing this portfolio is 0.62% of portfolio value and is calculated at the end of each year.
a. Present Value = Value of Portfolio * Annual Fee / Dividend Yield
Present Value = $112 Million * 0.62% / 6.2%
Present Value of Contract = $11.2 Million
b. Present Value = Value of Portfolio * Annual Fee / Dividend Yield
Present Value = $112 Million * 0.62% / 5.2%
Present Value of Contract = $13.35 Million
What does a portfolio manager do?Portfolio managers are investment decision-makers. They plan and implement venture strategies and forms to meet client objectives and limitations, build and oversee portfolios, make choices on what and when to purchase and offer ventures.
Portfolio managers are called investment managers, wealth directors, resource supervisors, or financial advisors. Be that as it may, the accentuation of a genuine portfolio manager part is on the explanatory side of contributing instead of the deals aspect.
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firms that achieve a sustainable competitive advantage through their merchandise and service offerings, and through effective branding and positioning, are doing so using blank excellence.
Product excellence is used by businesses to gain a sustained competitive advantage through their product and service offerings, as well as through strategic branding and positioning.
What exactly is a long-term competitive advantage?Most successful companies today are built on a sustainable competitive advantage. Companies that have recognized this and adopted a sustainable competitive advantage strategy have long held the top positions in their respective markets.
When a business offers its clients advantages similar to those of its rivals but at a cheaper cost, it has a competitive edge. This is so because it manufactures its goods for a lot less money than its rivals do. It has a cost advantage thanks to the reduced cost of production, which enables it to set lower prices for its products than rivals.
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Financial accounting refers to the preparation and use of accounting information designed to meet the needs of decision makers outside the business organization. true false
The statement mentioned is False. In reality It refers to Management Accounting.
The creation and application of accounting data tailored to the requirements of decision-makers outside the business organization is referred to as management accounting. Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting. Because its intended use is to support users within the company in making informed business choices, management accounting differs from financial accounting. The goal of managerial accounting is to enhance the quality of information provided to management about business operation parameters.
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Question # 2
Multiple Select
What is the role of consulting groups that track bank performance? (Select all that apply.)
sell their reports to banks
O promote bank products to bank customers
compile data from bank customers
customize reports for banks
entice bank consumers by promoting bank items
Choose all that apply. What are the three basic criteria by which banks are evaluated?Large banks are assessed in three categories: lending, investment, and service. Large banks are defined as those with total assets of $250 million or more, or that are subsidiaries of holding corporations with assets of $1 billion or more.
Which five financial services are the most crucial?The top 5 banking services are checking and savings accounts, mortgage and loan services, wealth management, issuing credit and debit cards, and overdraft services.
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travelocity would like to test if the average roundtrip airfare between new york and london is less than $1,400. a type ii error would occur if travelocity concludes that the average airfare is
$1,400 or more when, in reality, the average airfare is less than $1,400.
The connection between an entity's assets, liabilities, and owner's equity is represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits and total credit for each transaction are equal. Capital in a corporation is the stockholders' equity. Since every business transaction impacts at least two accounts, the accounting equation will always be "in balance," which means the left and right sides of a company's balance sheet should always be equal. In essence, the accounting method demonstrates that the firm's assets were acquired using equity and/or liabilities. owners.
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From whom to buy and when to buy are decisions made during which stage of the purchase decision process?.
Purchase decision is the process made during from whom to buy and when to buy.
A purchase decision is the thought process that drives consumers to identify needs, generate options, and select specific products and brands.
An example of a purchase decision?
A customer found a pink winter coat on sale at his 20% discount. After ensuring the brand used sustainable materials and asking her friends for feedback, she ordered the coat online.
What are the three types of purchase decisions?
There are three main categories of purchase decisions (nominal, limited and enhanced), all with a high level of engagement in the purchase, varying from low to low engagement. The types of purchase decision exist on the purchase participation continuum.
Who influences purchase decisions?
Personal factors include a consumer's age, occupation, lifestyle, social and economic status, and gender. These factors, individually or collectively, can influence consumer purchase decisions.
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A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,000 per month for the next three years and then $2,000 per month for two years after that. If the bank is charging customers 7. 5 percent apr, how much would it be willing to lend the business owner?.
The amount bank will be willing to lend = $67,662.7
How is the amount calculated?
Present value of annuity=Monthly Payments× [1- [tex]\frac{1}{(1+r)^n}[/tex] ] ÷ r
where,
Monthly payments = $1,000
r = Rate of return = 7.5% / 12 = 0.625%
n = Number of periods = 3 ×12 = 36
Present value of annuity=$1,000×1− [[tex]\frac{1}{(1+0.00625)^3^6}[/tex] ] ÷ 0.00625
Present value of annuity=$32,147.91
Calculation of the present value of annuity for the next two years:
Present value of annuity=Monthly Payments× 1− [ [tex]\frac{1}{(1+r)^n}[/tex] ] ÷ r
where,
Monthly payments = $2,000
r = Rate of return = 7.5% / 12 = 0.625%
n = Number of periods = 2 ×12 = 24
Present value of annuity
=$2,000×1−[[tex]\frac{1}{(1+ 0.00635)^2^4}[/tex] ] ÷ 0.00625
Present value of annuity=$44,444.85
Now, lets calculate the present value:
Future value = $44,444.85
Rate of interest = 7.5% / 12 = 0.625%
Number of periods = 3 * 12 = 36
Present value=Future value∗1/(1+Rate of Interest)^Number of periods
Present value=$44,444.85∗1/(1+0.00625)^36
Present value=$35,514.79
The amount bank will be will to lend = Present value of annuity for the first three years + Present value
The amount bank will be will to lend = $32,147.91 + $35,514.79
The amount bank will be will to lend = $67,662.7
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Most firms have a goal to maximize their long-run ________, achieving as high a financial return on investment as possible.
Most firms have a goal to maximize their long-run profits, achieving as high a financial return on investment as possible. Hence, Option E is correct.
What are financial returns?The term "financial return" is used to denote the kinds of returns that one gets in exchange for the funds that have been invested by a person. This can be achieved with a proper and smart investment.
It can be defined as a firm that, just like other firms, has a good in which to maximize the long run. For this, they only want to get high financial returns on their investment.
Therefore, Option E is correct.
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The complete question has been attached in text form:
Most firms seek to maximize their long-run __________, achieving as high a financial return on their investments as possible.
a.
quality
b.
market share
c.
employee welfare
d.
social responsibility
e.
profits
you are expecting to receive two payments: $5,000 in one year and $3,000 in two years from today. what is the total present value if your discount rate is 6%? round to the nearest dollar.
The total present value of 6% discount rate is $1,179.245 (round to the nearest dollar) is $ 1,179.
A sales discount is a discounted price offered by a business for a product or service. Learn how to add discounts to your bill. A sales rebate, also commonly referred to as a “discount, offers a company's customer a discounted price on one or more of the products or services offered by the company.
He offers a 10% discount for a customer to purchase tickets at a discounted price, regular price, or full price discount. Prorated deductions from debt accounts, usually in exchange for cash or prompt payment. Deduction of interest on prepayments or purchases of unpaid bills or bills.
Selling goods or services at a lower price than usual to encourage people to buy or use them, or offering goods or services to. He is good at finding bargains and special reported to her about offers and cheap lines
PV= $5,000/(1+0.06)4
= 1,179.245
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2. What is the average fee charged by large banks for using an out-of-network ATM?
These charges will typically cost between $2.00 and $3.50
Answer: Bank ATM fees vary based on your bank and the type of account you have. A 2017 Bankrate report found that that the average cost for withdrawing money from an out-of-network ATM reached a record $4.69 this fall. The average fee ATM operators charge also increased to $2.97
give me Brainiest please.
When should an expenditure be recorded as an asset rather than an expense?
If there is a potential benefit from the expense in the future, we can classify it as an asset rather than an expense. The expense should be classified as an asset if the advantage extends beyond the current accounting period.
What is an Asset ?An asset is a resource with economic value that a person, company, or nation owns or manages in the anticipation that it may one day be valuable.
The balance sheet of a business lists assets. They are broken down into four groups: present, fixed, financial, and tangible. They are purchased or created in an effort to increase a company's worth or enhance its operations.
Hence, If a future benefit may be derived from an expenditure, it might be classified as an asset.
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suppose there are several countries that are efficient at producing coffee beans and brazil is one of those countries. while brazil is efficient at producing coffee beans, it is inefficient at producing electronics. because of this, brazil sells its coffee beans to other countries and buys electronics from other countries. this scenario exemplifies the concept of
Because of this, brazil sells its coffee beans to other countries and buys electronics from other countries. this scenario exemplifies the concept of Comparative Advantage.
Comparative Advantage :The ability to create a good or service at a reduced opportunity cost is a benefit of comparative advantage. A comparative advantage allows businesses to sell goods and services at lower prices than competitors, resulting in higher sales margins and more profitability.
How do you determine comparative advantage?When a country provides a good or service with the lowest opportunity cost, it is considered to have a comparative advantage. In a comparative advantage situation, opportunity cost is the loss of one good when creating the other.
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if a customer makes a partial payment of $100 on a service which has already been billed, you would record this transaction into the accounting equation by:
A customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by increasing Cash and decreasing Accounts Receivable.
What is transaction?A completed transaction is an agreement between a buyer and a seller to trade goods, services, or financial assets in exchange for cash.
A transaction in computer programming is typically defined as a sequence of information exchange and associated work (such as database updating) that is handled as a single entity for the purposes of completing a request and maintaining database integrity.
Money transfers into or out of your bank account are referred to as bank transactions. A few examples of bank transactions are cash withdrawals or deposits, checks, online payments, debit card charges, wire transfers, and loan payments.
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hich of the following accounts are examples of revenues? (check all that apply.) multiple select question. fees revenue accounts payable accounts receivable service revenue sales
The following accounts are examples of revenues
Fees earned
Service revenue
Sales
What are some examples of accounts with revenues?Sales, commissions, professional fees, rent revenue, and interest revenue are a few examples of revenue accounts. Equity is constantly raised through revenues.
What five types of accounts are there?Your funds are arranged according to the chart of accounts into five categories: assets, liabilities, equity, revenue, and costs.
A revenue is the amount of fees still owed?Do receivables from customers qualify as revenue? Receivables is an asset account rather than a revenue account. Contrarily, when using accrual accounting, revenue is recorded at the same time as an account receivable.
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given the following historical demand, what is the weighted moving average forecast (0.4, 0.3, 0.3) for week 6? week 1 = 3000 week 2 = 5000 week 3 = 7000 week 4 = 9000 week 5 = 11000 week 6 = predict using the weighted moving average forecast (0.4, 0.3, 0.3)
Forecast for week 6 = 9200
A weighted moving average emphasizes recent data while downplaying historical data. This is accomplished by increasing the price of each bar by a weighting factor. Weighted Moving Average will track prices more precisely than a related Simple Moving Average due to its special calculation.
In a weighted moving average approach, recent values of demand are given greater weight since they are more pertinent. As a result, we have
Forecast for week 6 = (Week 5 * 0.4) + (Week 4 * 0.3) + (Week 3 * 0.3)
= (11000 * 0.4) + (9000 * 0.3) + (7000 * 0.3) = 9200
Therefore, Forecast for week 6 = 9200
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Which form of budgeting allocates a portion of total expenditures in the unit to research activities?
Departmentalization can be regarded as the form of budgeting that allocates a portion of total expenditures in the unit to research activities. Therefore, the option C holds true.
What is the significance of departmentalization?Departmentalization in budgeting can be referred to or considered as a function of setting different budgets of different nature of functions separated by departments in the same business organization. It helps in bringing efficiency in the business organization.
Therefore, the option C holds true and states regarding the significance of departmentalization in budgeting.
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The missing question has been added below for better reference.
Which form of budgeting allocates a portion of total expenditures in the unit to research activities?
A. Rule-of-thumb budgeting
B. Percentage-of-sales budgeting
C. Departmentalization
D. Task budgeting
E. Competitive parity