Which of the following is true of personal space requirements?
a. The study of space requirements is known as chronemics.
b. In the United States culture, very little personal space is expected or required as compared to other cultures of the world.
c. Space operates as a language, just as time does.
d. All of the above statements are true.
C
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Consider Figure 5.3. The quota leads to a deadweight welfare loss for Sweden of an amount equaling
a. $0.80. b. $1.60. c. $2.40. d. $3.20.
Which of the following is an example of a change in accounting principle that is accounted for retrospectively?
A) an Accounting Standards Update has been issued and a former principle is no longer generally accepted B) ?initial adoption of a generally accepted accounting principle because of events or transactionsoccurring for the first time C) change to a generally accepted accounting principle from a principle that is not generally accepted D) modification of an accounting principle for transactions or events that are clearly different in substance from those previously occurring
The accountant of Omega Consulting, Inc. failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year. Assume the company initially recorded a liability
Which of the following statements is true? A) The total liabilities will be overstated. B) The total liabilities will be understated. C) The total assets will be overstated. D) The total assets will be understated.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 56 hours for the first widget. Acme estimates it has an 89% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 112th widget.
a. 29.35 hours b. 25.37 hours c. 31.27 hours d. 29.94 hours