Introduction – Funds Accounting (#1) MULTIPLE CHOICES 1. Which of the following is a distinguishing characteristic of a nonbusiness organization? a. Its revenues do not exceed its expenses b. There is an absence of ownership interests that can be sold‚ transferred‚ or redeemed c. It does not depreciate its capital assets d. It does not charge fees for any of its services Answer: b 2. Which of the following activities is performed
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Chapter 15 Monopoly 1. Monopolies use their market leverage to a. charge prices that equal minimum average total cost. b. attain normal profits in the long run. c. restrict output and increase price. d. dump excess supplies of their product on the market. ANSWER: c restrict output and increase price. SECTION: 1 OBJECTIVE: 1 2. If government officials break a natural monopoly up into several smaller firms‚ then a. competition will force firms to attain
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Ramanujam Dear Students‚ I have indicated answers to the test review questions in BOLD. You can highlight the entire review and remove the bold feature before you start working on these questions and then verify the answers. Also‚ detailed solutions are given for q.38 and q.40 /Usha 1. Thread used in the production of mattresses‚ an indirect material‚ is classified as manufacturing overhead. TRUE/ False 2. Prime cost and conversion cost share what common element of total cost
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000. C. Clean and ship to outlet center‚ $103‚000. D. Clean and ship to outlet center‚ $148‚000. E. Neither alternative is desirable‚ as both produce a loss for the firm. Value gained if goods sold the goods “as is” = $45‚000 Value gained if goods are cleaned and shipped and then sold = $80‚000 - $23‚000 = $57‚000 As the value gained if the goods are cleaned is more‚ so cleaning and shipping should be done. Cost associates is given as $23‚000 20. In early July‚ Mike Gottfried purchased a $70 ticket
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BIOLOGY TIME: 2 HOURS (1) Food spoilage is mainly due to a) Poor quality b) high protein content c) the activities of decomposers d) excess water (2) Which of the following organisms is transmitted by houseflies? a) Plasmodium b) Vibro cholera c) Trypanosoma d) Gonococcus sp (3) The odontoid process is associated
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distant a planet’s orbit is from the sun‚ the longer it takes to complete an orbit. Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): B 2. What are the three basic types of spectra? A) Continuous‚ emission‚ absorption B) Thermal‚ redshifted‚ blueshifted C) Thermal‚ redshifted‚ emission D) Continuous‚ absorption‚ blueshifted Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): A 3. According to the nebular
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ACCOUNTING EXAM 2 STUDY GUIDE Chapter 5 1. Know the following terms: merchandise inventory‚ sales‚ sales returns and allowances‚ sales discounts‚ net sales‚ cost of merchandise sold‚ gross profit‚ operating expenses‚ operating cycle‚ purchase discounts‚ purchase returns and allowances‚ FOB shipping point‚ FOB destination‚ and inventory shrinkage. 2. Be able to prepare a multiple step income statement. 3. Be able to prepare the journal entries for the seller and buyer including
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Multiple Personality Disorder is a growing illness that is effecting more and more people in today’s time. Multiple Personality Disorder‚ also known as MPD‚ is a psychiatric identity disorder in which a single person plays two or more different identities. Some psychologists say it’s like multiple people sharing one body and taking turns using it (“Multiple Personality Disorder“‚ 2008). The identity that has the dominant control over the body is recognized as the host personality (Wood‚ Wood
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LOM 5300 Statistical Analysis for Business Decisions Multiple Choice Questions Chapter 1 1. In a questionnaire‚ respondents are asked to mark their gender as male or female. Gender is an example of the a. ordinal scale. b. nominal scale. c. ratio scale. d. interval scale. ANS: b 2. The scale of measurement that is used to rank order the observation for a variable is called the a. ratio scale. b. ordinal scale. c. nominal scale. d. interval scale. ANS: b 3. Some hotels ask their guests to
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Writing Effective Multiple-Choice Exams Accessible Version By Mike Atkinson‚ Faculty Associate Teaching Support Centre Reflections Newsletter Excerpt Instructors and students alike often express a certain "distaste" for multiple-choice (MC) exams. While MC exams have the advantage of being easy to grade‚ the items themselves are frequently described as tricky and unnecessarily difficult. Students may feel that the exam did not test their knowledge of the course material. Instructors complain
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