Which of the Following Is TRUE

question 37

Multiple Choice

Which of the following is TRUE?

• A)Interest expenses can be predicted with a reasonable degree of accuracy, especially when the firm uses fixed interest rates on debt.
• B)Interest expenses are commonly based on a percentage of sales.
• C)Depreciation costs are commonly based on a percentage of sales.
• D)Forecasting sales is the last step in financial forecasting.

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Definitions:

Industrial Democracy

A system of governance in an organization where all stakeholders, including employees, have a say in decision-making processes.

Democratic Principles

The fundamental guidelines that promote equality, freedom, and justice within societies, often associated with the practice of voting and majority rule.

Labor Union

An organization formed by workers to protect and advance their rights and interests through collective bargaining.

Dismissal

The act of terminating an employee's contract by the employer, often due to redundancy, misconduct, or other workplace issues.