Which of the following is an operating activity?

A. Repaying a bank loan
B. Purchasing goods to be offered for sale
C. Purchasing a new building
D. Paying a dividend to owners


Answer: B

Business

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Which of the following conditions must exist for an information system to be a strategic information system?

A. The information system must simply provide information. B. The organization's information system unit must only work with managers of the same unit. C. The organization's top management must  be involved only during the implementation stage. D. The information system must serve an organizational goal.

Business

Which of the following is not true about backflush costing?

a. Different companies may choose different trigger points. b. Production costs are attached to products as they move through work in process. c. A single account is used for raw and in-process materials because materials are issued to production when received from the supplier. d. Direct labor is usually insignificant in a highly automated system, so is not cost effective to account for it separately.

Business

In conjoint analysis, the dependent variable is usually preference or intention to buy

Indicate whether the statement is true or false

Business

Which of the following is the least likely to be a consideration in a resource utilization decision?

A) Shelf space B) Direct labor hours C) Machine time D) Fixed costs

Business