Chapter 5 Notes Three general reasons for holding onto cash: 1. managing transaction needs 2. preparing for cash emergencies 3. making a temporary investment -very conservative advice suggest you should have enough liquid assets to cover 5 to 8 months of regular expenses -others suggest 2 months is more than enough Four rules to help better cash management outcomes: 1. keep track of your cash by balancing your checkbook every month 2. develop a system to ensure that
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Chapter 3 Notes Important People ● Eliza Lucas became the first person in the colonies to grow Indigo and developed a way of extracting its deep blue dye. She hoped that her Indigo crops would add not only to her family but to the British empire. ● Sir Edmund Andros ruler of New England a veteran military officer from an aristocratic English family ● James II consolidated the Northern colonies into the Dominion of New England in 1686 ● William and Mary succeeded James II after the glorious revolution of 1688
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CHAPTER 5: MASTER TEST BANK UNDERSTANDING CONSUMER BEHAVIOR Test Item Table by Major Section of the Chapter and Bloom’s Level of Learning Bloom’s Level of Learning (LL) Level 1 Knowledge (Knows Basic Terms & Facts) Major Section of the Chapter Level 2 Comprehension (Understands Concepts & Principles) Level 3 Application (Applies Principles) Chapter Opener: Enlightened Carmakers (pp. 108-109) 1‚ 2 3‚ 4‚ 5 6 Consumer Purchase Decision Process and Experience
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Chapter 5 REVIEW QUESTIONS 1. How did the described volcanoes in Iceland and the Philippines change the environment to lesser or greater extents? 2. Name and describe the attributes of the two categories into which all organisms can be divided based on how they obtain nutrition. All organisms can be divided into autothrops‚ which produce their own food‚ and heterothrops‚ which need to get their food from somewhere else. 3. Name and describe the roles of the three main trophic categories that make
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Chapter 5 Social • Major population boom! o by 1775 there were 2.5 million people in 13 colonies o youthful and growing quickly • they were slowly moving westward past the Alleghenies • most populous colonies o Virginia o Massachusetts o Pennsylvania o North Carolina o Maryland • Cities o Philadelphia o New York o Boston o Charleston • Many races settled in America o Germans – fled religious persecution‚ for economy‚ and fleeing war mainly in Pennsylvania – Lutheran‚ very loyal
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Chapter 5 |Activity-Based Cost Systems |[pic] | QUESTIONS 5-1 Traditional volume-based cost allocation systems that use only drivers that vary directly with the volume of products produced—such as direct labor dollars‚ direct labor hours‚ or machine hours—are likely to systematically distort product costs because they break the link between the cause for the costs and the basis for assignment
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5-1 Chapter 5 MASS AND ENERGY ANALYSIS OF CONTROL VOLUMES Conservation of Mass 5-1C Mass‚ energy‚ momentum‚ and electric charge are conserved‚ and volume and entropy are not conserved during a process. 5-2C Mass flow rate is the amount of mass flowing through a cross-section per unit time whereas the volume flow rate is the amount of volume flowing through a cross-section per unit time. 5-3C The amount of mass or energy entering a control volume does not have to be equal to the amount
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Chapter Five Summary There are comparatively few rules to violate‚ and people are socialized into long standing traditions in a communal society. Because associated societies are complex‚ they require many laws and rules. Also‚ they are impersonal‚ and tradition is not adequate to prevent deviance. However‚ many associational societies are diverse‚ and the mix of ethnicities‚ language‚ and regional differences requires coordination‚ which in turn requires laws and rules. The focus in an associational
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CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-16 (20 min.) Cost hierarchy. 1. a. Indirect manufacturing labor costs of $1‚450‚000 support direct manufacturing labor and are output unit-level costs. Direct manufacturing labor generally increases with output units‚ and so will the indirect costs to support it. b. Batch-level costs are costs of activities that are related to a group of units of a product rather than each individual unit of a product. Purchase order-related
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Chapter 5 Outline The Triumph of the British Empire A fragile peace King George’s War failed to establish either Britain or France as the dominant power in North America‚ and each side soon began preparations for another war. The Ohio valley became the tinderbox for conflict. It was the subject of competing claims by Virginia‚ Pennsylvania‚ France‚ and the Six Nations Iroquois‚ as well as by the Native Americans who actually lived there. Seeking to drive traders from the River valley‚ the
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