Debts listed as current liabilities are those that
a. will be paid in less than one year
b. are due to be paid in 5 to 10 years
c. are due to be paid in more than one year
d. are owed to the owner and will never be paid
Question 2
Which of the following is true of budgets when they are administered thoughtfully?
A) They eliminate subjectivity in performance evaluation.
B) They can eliminate the uncertainty faced by a company.
C) They promote coordination within the subunits of a company.
D) They are a substitute the planning and coordination functions of management.
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