Costs that remain constant and do not vary based on the number of units produced or sold are called ________ costs.
Fill in the blank(s) with the appropriate word(s).
fixed
Fixed costs are incurred regardless of the level of production or sales activity. Examples of fixed costs are salaries, rent, and insurance.
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The discipline in which matters of right and wrong are systematically examined is known as:
a. Morality b. Ethics c. Intuition d. A and B e. B and C
If the straight-line method of amortization of bond premium or discount is used, which of the following statements is true?
A) Annual interest expense will increase over the life of the bonds with the amortization of bond premium. B) Annual interest expense will remain the same over the life of the bonds with the amortization of bond discount. C) Annual interest expense will decrease over the life of the bonds with the amortization of bond discount. D) Annual interest expense will increase over the life of the bonds with the amortization of bond discount.
A corporation cannot be established that has a fixed termination date
Indicate whether the statement is true or false
Choose the statement that is true of entrepreneurship.
A. Entrepreneurs take careful, calculated risks and are not afraid to act on those decisions. B. Entrepreneurs are their own bosses and independent. C. Any entrepreneur with a good idea can raise venture capital. D. If an entrepreneur is talented, he or she will quickly succeed. E. Entrepreneurs "get rich quick" and enjoy a lot of leisure time.