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NEW QUESTION 25
The management of Company A, a consumer products company, is forecasting revenue as part of their internal budget exercise. Which of the following factors is of the LEAST value in arriving at the forecast revenue amount?
- A. Competitive pressures and new products
- B. Overall macroeconomic conditions
- C. The market strength for the company's products
- D. The revenue level needed to exceed break-even
Answer: D
NEW QUESTION 26
Which of the following options is an example of an expense?
- A. Payment of $6,000 for vehicle insurance covering the next year
- B. Purchase of a new vehicle for $30,000 by a delivery company
- C. Purchase of $10,000 of fabric to be used by a clothing manufacturer
- D. Consumption of $500 of electricity for the head office building
Answer: D
NEW QUESTION 27
The equilibrium quantity of sugar decreases, and the equilibrium price increases. Which of the following events would definitely result in these changes in the market for sugar?
- A. An earthquake occurs that damages many sugar processing facilities.
- B. A producer of artificial sweeteners goes out of business, and at the same time an earthquake occurs that damages many sugar processing facilities.
- C. A new health report emphasizes the risks of sugar consumption, and at the same time an earthquake occurs that damages many sugar processing facilities.
- D. A new and more efficient harvesting method is developed for sugar.
Answer: A
NEW QUESTION 28
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