Which of the following can be considered a measure of risk in cost-volume-profit analysis?
A) margin of safety
B) operating leverage
C) both a and b
D) neither a nor b
C
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The net realizable value approach is used to account for scrap and by-products when the net realizable value is insignificant
Indicate whether the statement is true or false
What is the journal entry used to record factory overhead applied in the amount of $7,200?
a. debit Work in Process $7,200, credit Factory Overhead $7,200 b. debit Wages Payable $7,200, credit Work in Process $7,200 c. debit Work in Process $7,200, credit Wages Payable $7,200 d. debit Materials $7,200, credit Work in Process $7,200
Administrative law include rules and decisions written by government agencies established by statute to write and enforce rules in regulated areas and activities—such as mass communication, public trading of stocks, and labor relations
Which of the following supersedes (overrules) administrative law? A. Statutory law D. Law of equity B. Executive actions E. None of the above C. Common law
______ is an umbrella term and broadly refers to any learning facilitated using electronic means.
a. Audio learning b. Video Learning c. Satellite Learning d. E-learning