A ________ groups cost by behavior; costs are classified as either variable costs or fixed costs.
A) balance sheet
B) contribution margin income statement
C) traditional income statement
D) absorption costing income statement
B) contribution margin income statement
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Jan is on trial for arson. For Jan to be found guilty, her guilt must be proved
A. beyond a reasonable doubt. B. by a reasonable preponderance of the evidence. C. beyond a preponderance of the evidence. D. by a preponderance of the evidence.
The SEC concluded in the Jett decision:
a. That Jett acted alone in his conduct. b. That Jett deceived Kidder Peabody. c. That Jett was able to adequately explain all of his profits and conduct. d. Both a and b
Data modeling may be the most important part of the systems development process because:
A) data characteristics are important in the design of programs and other systems components. B) the data in a system are generally less complex than processes and play a central role in development. C) data are less stable than processes. D) it is the easiest.
The evening news was full of stories about how Levine sold fraudulent negotiable instruments to investors around the country. Two days later, Brighty, who did not hear the news reports, bought some of the fraudulent negotiable instruments from a swindled investor. Can Brighty claim the position of a holder in due course considering the publicity of the scam?
A. Brighty is presumed to have knowledge of the scam and therefore did not purchase the instruments in good faith. B. Although Brighty passes the subjective test of good faith, he fails the objective test and therefore cannot claim to have purchased the instruments in good faith. C. Brighty can claim to have purchased the instruments in good faith if he subjectively believed the instruments were valid and if objectively his purchase of the instruments was commercially reasonable. D. Brighty cannot be a holder in due course because once an action of fraud is discovered, no additional claims against that party can be sought.