The changing needs, wants and preferences of consumers changes supply:

The conventional way to evaluate a segment criteria is by?

Entrepreneurial business development teams are most effective when senior management and the organization map the _______________.

List the following taxonomic categories from the most specific to the most general: species, genus, domain, family, class, kingdom, phylum, order.

What are two (2) disadvantages to being a social animal?

Which of the following is true regarding the governmental fund financial statements? A. The governmental fund financial statements include the Balance Sheet and the Statement of Revenues, Expenditures, and Changes in Fund Balances. B. The governmental fund financial statements include the Balance Sheet and the Statement of Revenues, Expenditures, and Changes in Fund Balances. C. Both of the above. D. Neither of the above.

Which of the following is identified by the GASB as the “cornerstone” of all financial reporting in government? A. Understandability.B. Representational faithfulness.C. Accountability.D. Interperiod equity. 

Governmental-type funds label the excess of assets over liabilities on the balance sheet as:  A. Net Position B. Net Fund Balance and Liabilities C. Assets Net of Liabilities D. Fund Balance

 Governmental Funds Fund Balance is displayed in which of the following categories? A. Nonspendable, Spendable, Assigned, Unassigned B. Nonspendable, Restricted, Unrestricted C. Restricted, Unrestricted, Assigned, Unassigned D. Nonspendable, Restricted, Committed, Assigned, Unassigned

Record the budget and a budget revision 5 points             The council of the Town of Washington approved the 2020 budget as follows:               Estimated revenues for 2020:                Property taxes                                                                             $5,000,000                Licenses and permits                                                                  $1,000,000                          Appropriations for 2020:                General government                                                                   $4,600,000                 Public safety                                                                              $1,200,000                 Health and welfare                                                                       $100,000             During 2020, the town’s mayor presented the council with a budget revision to increase the amount of appropriation for the general government by $10,000 and decrease the amount of estimated revenues for the general government by 15,000.  The council approved this budget revision.   Required: Prepare the general journal entry necessary to initially record the budget. Prepare the general journal entry necessary to record the budget revision.