Which of the following is an example of a period cost?
A) research and development
B) selling and marketing
C) general accounting
D) all of these
D
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Which of the following is NOT a hindrance to perfectly rational decision making?
A. Conflicting goals B. Imperfect information C. Information overload D. Limited cognitive capacity E. Lack of intuition
Pretending not to care is an example of ______.
a. attacking the critic b. distorting critical information c. avoiding critical information d. distracted communication
Overapplied overhead will result if
a. the plant is operated at less than expected capacity. b. overhead costs incurred were greater than estimated overhead costs. c. overhead costs incurred were less than overhead costs charged to production. d. overhead costs incurred were greater than overhead charged to production.
The depreciable or amortizable basis of long-lived assets is the acquisition cost less salvage value
Indicate whether the statement is true or false