If a monthly cash budget is prepared properly there will never be a cash deficiency at the end of any month.

Your favorite holiday is Halloween and each year you decorate your yard with pumpkins, skeletons, and tombstones, and you install a noise machine which blasts haunting sounds 24 hours a day. It is such a spectacle that hundreds of people drive by your house each day to gawk at the display. The noise and traffic disturb your neighbors who sue you, and you are required to take down your display permanently. This is an example of

A) the Coase theorem.
B) a liability rule.
C) an injunction.
D) the free-rider problem.

Which of the following would appear on the credit side of the overhead account?

A) Actual overhead cost incurred in the period
B) Overhead applied (charged) to production
C) Underapplied overhead for the period
D) Overhead applied (charged) to production AND underapplied overhead for the period

All of the following would be considered benefits of implementing an effective business plan except:

A) ensuring that the management team has a clear understanding of the goals of the organization.
B) providing details as to how the goals of the organization are going to be achieved.
C) forecasting external financing requirements.
D) providing a vehicle to share information with investors.
E) all of the above are benefits of business planning.

Which factor would NOT cause the supply curve to shift?

A) a change in the technology of production
B) a change in factor costs
C) a change in the price of the good
D) a change in suppliers' expectations of future prices

A win-win style of conflict management that is high on both assertiveness and cooperativeness is known as _____.

A) competing
B) accommodating
C) compromising
D) collaborating