Which option identifies the type of budget development represented in the following scenario?
a cherry co-op in northern michigan conducts a thorough review of operating budgets from each department: operations, manufacturing, sales and marketing, and technology. the review has each department identify how each expense supports the co-op’s mission.
a. top-down approach
b. zero-based method
c. incremental method
d. bottom-up approach

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)