A Service Called Prizm Posits That MBAs Who Live in New

question 26

Multiple Choice

A service called Prizm posits that MBAs who live in New York have a lot more in common with their counterparts in London, Saö Paulo, and Tokyo, than they do with their neighbors in New York who are relatively less educated or wealthy.What types of information are combined in this example?

• A) geographic and demographic
• B) geographic and psychological
• C) psychological and demographic
• D) psychological and behavioral

Understand the role of external factors in forecasting and budgeting.

Comprehend the various types of budgets and their preparation processes.

Recognize challenges and techniques in budgeting, including top-down and participative approaches.

Understand the concept and purpose of a budget in an organization.

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Definitions:

Herring

A type of fish that is widely consumed globally, known for its silver color and presence in various cuisines.

Opportunity Cost

The cost associated with the best foregone choice because of a decision.

Machinery

A category of physical hardware used in the production process, including tools, engines, and devices that perform various tasks.

Sweaters

Knitted garments intended to cover the torso and arms, providing warmth and fashioned from materials like wool, cotton, or synthetic fibers.