One of the Assumptions Made in Forecasting Financial Requirements Based

question 55

Multiple Choice

One of the assumptions made in forecasting financial requirements based on the forecasted income statement is that:

• A) costs in the next year will remain the same as the previous year.
• B) costs will increase at the same rate as sales.
• C) costs in the next year will be an average of the costs of the three previous years.
• D) costs will move in the opposite direction of sales.
• E) costs will be according to the industry standards.

Recognize how cultural differences can impact the expectancy model's assumptions.

Identify examples of communication and ethic competencies in the workplace.

Understand Herzberg's motivator-hygiene model and its focus on job satisfaction.

Examine ethical decision-making in organizational settings.

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Definitions:

Fourteenth Amendment

An amendment to the United States Constitution, adopted in 1868, that grants citizenship to all persons born or naturalized in the United States and ensures equal protection under the laws.

Fifteenth Amendment

Constitutional amendment ratified in 1870, which prohibited states from discriminating in voting privileges on the basis of race.

Massive Retaliation

Massive Retaliation is a military strategy that involves threatening to respond to any act of aggression with massive and decisive use of nuclear weapons.

Martin Luther King Jr.

A prominent leader in the American civil rights movement, known for his use of nonviolent civil disobedience to combat racial inequality.