1. Identify and explain the primary differences between fixed and flexible budgets.
2. Describe at least five benefits of budgeting.
3. Identify and explain the four building blocks of financial statement analysis.
4. What is a bond? Identify and discuss the different types of bonds.
5. Job order manufacturing and process manufacturing are two major costing systems used in manufacturing. Briefly contrast the characteristics of these two systems.
6. Describe what happens to the net income of a company under each of the following assumptions: (a) Sales volume is less than break-even sales. (b) Sales volume is greater than break-even sales. (c) Sales volume is equal to the break-even point.