What is a financial reserve?
a. an amount of money that's been set aside for emergencies
b. a way of organizing finances to set and meet goals
c. an amount of money that's been set aside for short-term goals
d. a plan for what you'll do with your money

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Match the different financial task to their corresponding financial life cycle phases

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above