Which of the following factors led to significant changes in accounting practices?
a.The Great Depression of 1929
b.The election of Franklin D. Roosevelt to the presidency in 1932
c.The enactment of the New Deal legislation
d.All of the above
ANSWER: D
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List and discuss briefly the three standards of attainability
Generally, as marketers go down the economic and social strata in each country, they will tend to find
A. greater government support and thus disposable income for each succeeding lower stratum. B. dissimilarities among countries in social and cultural values. C. similarities among countries in social and cultural values. D. no significant differences in social and cultural values.
Donnelly Manufacturing Donnelly Manufacturing sells cedar birdhouses. The company has prepared the following sales forecast for the third quarter of 2013: July 10,000 units August 12,000 units September 20,000 units Inventory at June 30, 2013 was budgeted at 1,500 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15% of next
month's budgeted unit sales. October's sales are projected to be 24,000 units. Each completed unit of finished product requires 2.5 square feet of cedar at a cost of $3.5 per square foot. Refer to the Donnelly Manufacturing information above. The total required production of birdhouses for the third quarter of 2013 is: A) 39,900 units B) 44,100 units C) 45,600 units D) 40,500 units
To a part-time entrepreneur pricing is very important. Which of the following statements about pricing and costing is not true?
A. Pricing is often seen as a challenge by part-time businesses. B. People working part time can be prone to underestimate their costs. C. A good way to get a realistic idea of pricing your product is to price competitors' products. D. Central to figuring the real cost of your product is keeping good records.