$1.$ Which of the following is an ethical problem during the budgeting process?

A$.$ Board of Directors must effectively evaluate all managers$$ individual performance using

the same metric

B$.$ Board of Directors cannot effectively evaluate all managers$$ individual performance using

the same metric

C$.$ Managers may be incentivized to underestimate budgets so actual results meet or beat

budgets

D$.$ Managers may be incentivized to overestimate budgets so actual results meet or beat

budgets

$2.$ The International division of the Chick$$n Shak fast food chain reports monthly sales of $$300,000,$

variable costs of $$100,000,$ and traceable fixed costs of $$50,000.$ The contribution margin ratio of

this business unit is:

A$.80\%$ B$.66\%$ C$.33\%$ D$.20\%$

$3.$ Flour, Sugar, and Milk are examples of which of the following for Entenmann$$s in the

production of chocolate chip cookies?

A$.$ work in process

B$.$ raw materials

C$.$ merchandise inventory

D$.$ finished goods

$4.$ Which concept is being portrayed in the following graph?