As Regional Manager of KIM Corp

question 53

Multiple Choice

As regional manager of KIM Corp., Dwight is given an operating budget of $1 million for that financial year and is evaluated on the basis of the amount of goods produced based on that budget.Dwight's performance is evaluated on a(n)

• A)revenue budget approach.
• B)cash flow budget approach.
• C)expense budget approach.
• D)profit budget approach.
• E)capital budget approach.

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Definitions:

Forged

Created, altered, or imitated with the intent to deceive; typically refers to documents, signatures, or art.

Negligence

The failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the damages caused.

Stored-Value Card

A plastic card that contains data regarding the value of the card, thereby allowing EFTs to be made.

Magnetic Strip

A strip of magnetic material on a credit card or other card containing data that can be read by swiping it through a reader.