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Budgeting Functional Plans

Tom is establishing some basic plans for his business. He is in the process of writing down some basic questions that he believes the plans should answer. Which of the following questions does not relate to establishing a functional plan?

A. What skills do they need?
B. When will it be accomplished?
C. Where do I want my business to be in 5 years?
D. Where will they perform their duties?
E. Who will carry out this plan?

Factoring is the process of selling accounts receivable to another firm at:

A. a discount off of the original sales price.
B. a price equal to the sales price.
C. a premium above the original sales price.
D. the prime lending rate.
E. none of the above.

Judgmental models include all of the following except:

A. historical analogy.
B. market research.
C. moving average.
D. survey of customers.
E. survey of sales forces.

Solution Preview

Tom is establishing some basic plans for his business. He is in the process of writing down some basic questions that he believes the plans should ...

Solution Summary

The response discusses the factoring. The skills needed to accomplish the business are determined.

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