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Please answer all of possible. Which of the following is not a step of the management decision-making process? a. Review results of the decision b.

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Which of the following is not a step of the management decision-making process? a. Review results of the decision b. Determine the decision alternatives c. Contact competitors who have made similar decisions d. Evaluate the costs and benefits of the alternatives When making a one-time special-order decision, a company can ignore fixed overhead because a. The cost is avoidable b. The cost cannot be determined c. The cost is not avoidable d. None of the above Which of the following costs is not likely to be completely eliminated by a decision to drop a product line? a. the cost of direct materials used to make the product b. The variable overhead traced to that product line e. The common fixed costs allocated to that product line d. All of the above will be completely eliminated A detailed plan that translates the company's objectives into financial terms, identifying the resources and expenditures that will be required over the planning horizon is a: a. Strategic plan b. Budget c. Tactic d. Long-term objective Creating a budget is an important part of which phase of the planning and control process? a. Planning b. Organizing c. Directing/leading d. Control _____ are the specific goals that managers want to achieve over a 5 to 10 year horizon. a. Strategic plans b. Long-term objectives c. Short-term objectives d. Tactics Participative budgeting is an approach to budgeting that: a. Is top-down in nature. b. Allows management to set the budget c. Discourages budget slack d. Is more likely to motivate people to work towards the organization's goals than a top-down approach

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