Mark has long supported a particular brand of footwear and has always bought that brand. Recently, the footwear manufacturer was embroiled in a controversy for using child labor at its manufacturing plants
Mark doubts the news reports and continues to purchase the same brand of footwear. It is most accurate to say that Mark displays ________.
A) selective distortion
B) cognitive dissonance
C) selective retention
D) selective attention
E) consumer ethnocentrism
A
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Fall Corp uses plant assets that are subject to rapid decreases in value due to obsolescence and physical deterioration. Which of the following depreciation methods is most appropriate to measure the decline in the usefulness of the company's assets?
a. Double-declining-balance b. Revenue expenditure method c. Straight-line d. Units-of-production
Trey, Inc. is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least-squares regression analysis: Scatter Diagram Regression AnalysisVariable cost per unit sold$6.50 $6.80 Total monthly fixed cost$45,000 $42,500 Trey is now preparing an estimate for monthly sales of 18,000 units. On the basis of the data presented, compute the most accurate sales forecast possible.
A. $164,900. B. $167,400. C. $162,000. D. $159,500. E. None of the answers is correct.
When assessing the credibility of information, you should determine whether the sources you consulted are ______ and______.
a. convincing; objective b. qualified; persuasive c. persuasive; objective d. qualified; objective
A natural business year
a. is the calendar year. b. records activities for a period less than a year. c. refers to an interim accounting period. d. ends when most activities in an operating cycle have been substantially concluded. e. none of the above