Costs may be classified by many different cost classifications.

Answer the following statement true (T) or false (F)


True

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A company borrowed $28,000 by signing a 180-day promissory note at 6%. The total to be paid at maturity of the note is: (Use 360 days a year.)

A. $35,280.00 B. $33,740.00 C. $28,840.00 D. $34,860.00 E. $34,020.00

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Which of the following yields the standard direct material cost?

A) Multiplying the standard price of direct materials by the standard quantity for direct materials B) Adding the standard price of direct materials to the standard quantity for direct materials C) Multiplying the actual price of direct materials by the actual quantity for direct materials D) Adding the actual price of direct materials to the actual quantity for direct materials

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From a sample of 500 items, 30 were found to be defective. The point estimate of the population proportion defective will be

A. 0.06. B. 30.0. C. 470. D. 0.94.

Business

Which statement is true about an individualist society?

*a. People are expected to act in their own interests. b. There are mutual obligations with strong loyalty. c. Employees behave according to expectations. d. Hiring of relatives makes sense.

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