Which complex budgeting method requires a breakdown of all specific marketing expenses?

A) extrapolation
B) target costing
C) percentage of sales
D) bottom-up budgeting

"The higher the price of a good or service,the greater the quantity that people are willing to sell" is

A) the law of demand
B) the law of supply
C) neither the law of demand or the law of supply

For any competitive market, the supply curve is closely related to the

A) preferences of consumers who purchase products in that market.
B) firms' costs of production in that market.
C) income tax rates of consumers in that market.
D) interest rates on government bonds.

Sometimes, when a buyer breaches a contract for a sale of goods and the seller has not yet produced the goods, the seller can recover the lost profits.

____ is defined as the process of transforming material and human resources into useful goods and services.

A) Contingency management
B) Scientific management
C) Behavioral management
D) Operations management
E) Quality control management

The idea that a leader must be friendly but not overly familiar with subordinates is called ______.

A) self-sacrifice
B) social distance
C) persuasive appeal
D) superior management