________ choices tend to be more holistic than emotional choices, using summary impressions rather than specific attributes to evaluate the options and affect even important purchases such as a car or house.
A. Rational
B. Weighted
C. Attitude-based
D. State-of-mind
E. Balanced
Answer: C
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All of the following are financial statement(s) of a proprietorship except:
A) the statement of retained earnings B) the statement of owner's equity C) the income statement D) the statement of cash flows
Normal costing:
a. determines unit cost by adding direct materials, direct labor and actual overhead. b. determines unit cost by adding direct materials, direct labor and estimated overhead. c. determines unit cost by adding direct materials, direct labor and underapplied overhead. d. determines unit cost by adding direct materials, direct labor and subtracting overapplied overhead. e. None of the answers are correct.
Which of the following is true with regard to primary firms, first-tier suppliers, and second-tier suppliers?
a. A first-tier supplier is the primary firm to a second-tier supplier. b. A second-tier supplier is the primary firm to a first-tier supplier. c. Second-tier suppliers are not as important as first-tier suppliers. d. To a primary firm, a first-tier supplier supplies finished goods and a second-tier supplier supplies raw materials.
Which of the following is not a characteristic of trend projections?
A) The variable being predicted is the Y variable. B) Time is the X variable. C) It is useful for predicting the value of one variable based on time trend. D) A negative intercept term always implies that the dependent variable is decreasing over time. E) They are often developed using linear regression.