If a company uses a process costing system to account for costs in its four production departments, how many Work in Process accounts will it use?
a. 5
b. 3
c. 1
d. 4
D
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Under the straight-line amortization method, interest expense on a bond sold at a premium is equal to the
A) interest paid plus bond premium amortization. B) interest rate times the book value of the bonds. C) interest rate times the face value of the bonds. D) interest paid minus bond premium amortization.
According to the text, the ________ method of sales presentation is semi-structured.
A. need-satisfaction B. problem-solution C. formula D. stimulus response E. memorized
Throughout history, management theorists argued that ______.
A. businesses required more educated managers B. government organizations have the most need of managers with distinctive skills C. common management principles apply equally to all organizations D. nonprofit managers do not need professional development
Some fast-food restaurants offer tasty and convenient food that customers want at affordable prices, but in doing so they contribute to a national obesity epidemic and environmental problems. These fast-food restaurants overlook ________
A) the marketing concept B) perceived needs C) the production orientation D) social responsibility E) the sales orientation