When are sunk costs omitted from decision analysis?
A) Always
B) Never
C) Only if necessary
D) Only if they are immaterial
A
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Which of the following is a data flow that generally goes to government agencies?
a. attendance time records b. job time records c. payroll contribution notice d. payroll tax reports
Government-wide statements are prepared using the modified accrual basis; therefore, governmental fund-basis statements need to be adjusted from their original accrual basis.
Answer the following statement true (T) or false (F)
The terms "information systems" and "information technology" can be used interchangeably.
Answer the following statement true (T) or false (F)
Variable costs are costs that:
A. vary directly with changes in activity. B. remain constant as activity changes. C. vary inversely with changes in activity. D. decrease on a per-unit basis as activity increases. E. increase on a per-unit basis as activity increases.