Which of the following is true regarding capital projects funds?
A. Fixed assets are depreciated in capital projects funds.
B. Capital projects funds are considered to be governmental funds.
C. Capital projects funds use the economic resources measurement focus and accrual basis of accounting.
D. Encumbrance accounting is not used.
Answer: B
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For the straight-line method, depreciable cost is calculated by taking the total cost of an asset and
a. dividing by useful life; b. adding salvage value; c. subtracting salvage value; d. multiplying by the useful life; e. subtracting the amount of cash paid to date
Which of the following is an advantage of a partnership?
A) Partnerships are less expensive to organize than corporations. B) The owners of a partnership are generally exempted from personal income taxes. C) The owners who contribute an asset to the partnership retain absolute claim on the asset. D) Mutual agency creates personal obligations for each partner.
In conjoint analysis, ________ are utility functions that describe the utility consumers attach to the levels of each attribute
A) relative importance weights B) orthogonal arrays C) part-worth functions D) attribute levels
Which of the following is true concerning Maslow's theory?
a. People are motivated to satisfy needs at various levels in no particular order. b. Maslow recognized eight levels of human needs. c. Most people in U.S. society have satisfied all their levels of needs. d. Effective managers recognize ways to help people satisfy their needs.