Service businesses are typically more concerned with _____ costs than with the cost of materials for operations.
A. equipment
B. fixed asset
C. labor
D. leasing
Answer: C
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Answer the following statements true (T) or false (F)
Empirical research shows that prices of publicly traded securities react slowly and in an erratic manner to new information.
Wayne is considering accessing his ex-wife's computer to read her emails. If he does, could Wayne be in violation of the federal Information Infrastructure Protection Act?
A. Yes, assuming Wayne was not authorized. B. No, unless Wayne did so for commercial benefit. C. No, ex-spouses are subject to the jurisdiction of state divorce courts. D. No, because of spousal immunity.
An employer's temporary withdrawal of employment to pressure employees to agree to the employer's bargaining proposals is known as a(n):
a. layoff. b. ad-hoc closure. c. lockout. d. retrenchment.
In the context of budgeting, a flexible budget:
A. is based on a single assumed level of sales. B. is designed to show the appropriate budgeted level of costs for each different level of sales. C. is the budget that is prepared before a static budget. D. cannot be used by companies for evaluation and comparisons involving real-world sales situations.