Which of the following is not considered one of the three broad categories of accounting changes?

a. Change in Accounting Principle
b. Change in Accounting Estimate
c. Change in Reporting Entity
d. Change in Accounting Application


ANSWER: D

Business

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Which of the following best describes off invoice allowance?

A) offering channel members a long period of time before payment is due B) offering channel members below-market interest rates C) offering channel members a discount on orders for a fixed period of time D) offering money to help the channel members sell its products

Business

Tyrone's communication professor gives Tyrone's class an assignment to present a persuasive speech that attempts to convince the class to start or stop doing something, knowing it contradicts what they have always been taught. One of Tyrone's classmates tries to convince his classmates to stop using toothpaste (and start using baking soda instead). Another tries to convince her classmates to try eating grasshoppers (because she maintains insects are the protein of the future). This assignment intentionally collides with Tyrone's class members' _______.

a. egocentrism b. ethnocentrism c. patriotism d. phobias

Business

One who emphasizes group accomplishment and cooperation rather than individual achievement is called a

a. supervisor. b. an optimist. c. a team player. d. none of these choices.

Business

In the context of operations management, which of the following statements is true of the increasingly competitive and global nature of markets?

A. There has been a significant decrease in green practices. B. There is a higher inclination to exploit the environment. C. There has been a shift from a cost perspective to a value perspective. D. There is an increased preference for simplified supply chains.

Business