The hierarchy of needs suggests that a consumer would not try to satisfy physiological and safety needs until social and personal needs have been completely satisfied.
Answer the following statement true (T) or false (F)
False
A four-level hierarchy of needs shows that the lowest level needs (physiological) come first, and then come safety, social, and personal needs. A person can be motivated by more than one need at the same time. Further, more than one need can be satisfied at a time.
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The normal selling price of Daniel Company's product is $35 per unit. The costs of production are: direct materials, $6; direct labor, $5; variable overhead, $5; and fixed overhead, $6 (based on normal capacity). The company has received a special order for 12,800 units at a unit sales price of $19. There is ample unused capacity to fill the order and $2 per unit will be incurred for additional
packaging. If the order is accepted, operating income will A) increase by $12,800. B) decrease by $38,400. C) increase by $38,400. D) decrease by $12,800.
A pension plan:
A. Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire. B. Is always funded fully by employers. C. Can be underfunded if the plan assets are more than the accumulated benefit obligation. D. Is a contract between the company and the government. E. Can be a defined benefit plan or an undefined benefit plan.
Once the learning curve has flattened, i.e., reached a mostly horizontal shape, the per-unit time could be described as ________
Fill in the blanks with correct word
Revenue is properly recognized:
A) When the customer makes an order. B) Only if the transaction creates an account receivable. C) At the end of the accounting period. D) Upon completion of the sale or when services have been performed and the business obtains the right to collect the sales price. E) When cash from a sale is received.