Which of the following is not a possible alternate term for costs that can be eliminated by taking a specified course of action?

A. Relevant costs
B. Avoidable costs
C. Differential costs
D. Opportunity costs


Answer: D

Business

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Compensation plans may need to vary depending on the type of salespersons. Which type of salesperson benefits from consistent quarterly bonuses and social pressure?

A) stars B) core performers C) dogs D) cash cows E) laggards

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What is the label for the output for comparing the averages on two variables among the same sample member?

A) Two Paired Variable Averages Differences Test Analysis Results B) Three Independent Variable Averages Differences Test Analysis Results C) Two Independent Variable Averages Differences Test Analysis Results D) all of the above are used; the output label changes depending on the variables tested E) none of the above are used; the output label is unknowable

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An advocate of the institutional theory would argue in favor of businesses ________

A) focusing solely on profit-making ventures B) gaining the trust of constituent groups C) emphasizing continuing professional education D) acting in a manner that benefits all of society

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In 1987, the FASB made the statement of cash flows a requirment for:

a. many sole proprietorship b. any company with more than 400 employees c. all companies listed on an organized stock exchange d. all partnerships but not corporations e. any company that has been incorporated

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