• Question 1 0 out of 10 points Suppose Tara chooses to engage in an activity that she values at $80 on a night in which she faced two alternatives‚ all of which do not or would not have cost her any money. She values one alternative at $60 and another at $30. The opportunity cost to her of engaging in the activity is: Answer Selected Answer: $90 Correct Answer: $60 Response Feedback: The opportunity cost of an activity includes the amount you value the next best alternative
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• 1 The most critical quality of ethical decision making is o objectivity o economics o expeditions o consistency Correct • 2 A major consequence of the Sarbanes-Oxley Act of 2002 has been the o political fallout in congress o super growth in accounting firms in the U.S. o reorganizing of the governance structure of American corporations o outsourcing of jobs in lower wage countries Correct • 3 Judging the appropriateness of a particular action based
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Chapter One Quick Check: 1. Cells were not discovered by Hippocrates because he didn’t have the technology and equipment to. 2. Robert Hooke is credited with the discovery of the basic building block of living organisms. 3. Robert Brown is credited with the discovery of the cell nucleus. 4. Schleiden and Schwann’s contribution to biology was proposing that cells are the basic structural unit for plants and animals. 5. Before Virchow‚ one idea was that living things could arise from non-living
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1. | Question : | The totality of a group’s thought‚ experiences‚ and patterns of behavior transmitted over the course of generations is part of the definition of: | | | Student Answer: | | cultural identity | | | | culture | | | | norms | | | | race | | | | Points Received: | 4 of 4 | | Comments: | | | | 2. | Question : | In Hofstede’s categorization of elements of culture‚ a country’s Independence Day parades would be an example of: | | | Student
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1. Chapter 1‚ Holmes: “I have at least‚ a well-polished‚ silver-plated coffee-pot in front of me‚” (1). In the line before Watson is amazed by the fact that Holmes was able to figure out what was in Watson’s hand even though his body was turned. But then makes the snarky remark that he just has a well-polished pot. By doing this he is showing that he cannot do everything that he is still human. 2. Chapter 1‚ Watson: “I think‚” said I‚ following as far as I could the methods of my companion‚ “that
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* Question 1 5 out of 5 points | | | Entrepreneurs are commonly characterized as:Answer | | | | | Selected Answer: | risk takers and decision makers. | Correct Answer: | risk takers and decision makers. | | | | | * Question 2 5 out of 5 points | | | The hard sell or aggressive persuasion designed to separate consumers from their cash emerged during the _____Answer | | | | | Selected Answer: | production era | Correct Answer: | production
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1. Economic theory is a valuable tool for business decision making because it Answer identifies for managers the essential information for making a decision. assumes away the problem. creates a realistic‚ complex model of the business firm. provides an easy solution to complex business problems. 0.2 points Question 2 1. Economic profit is Answer the difference between total revenue and the opportunity cost of all of the resources used in production. the
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Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Answer Key True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. FALSE AACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Bloom ’s: RC Difficulty: Easy Learning Objective: 01-02 Explain four fundamental management
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Chapter 1 Cost Accounting: Information for Decision Making Solutions to Review Questions 1-1. Financial accounting is designed to provide information about the firm to external users. External users include investors‚ creditors‚ government authorities‚ regulators‚ customers‚ competitors‚ suppliers‚ labor unions‚ and so on. Cost accounting systems are designed to provide information to internal users (managers). This difference is important‚ because it affects the design of the systems. Financial
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1. Which one of the following does not affect the reject rates at a company’s plants? -The installation of plant upgrade C -Spending for best practices training -Spending for TQM/Six Sigma quality control efforts -The number of models/styles comprising the company’s product line -The size of the incentive payment per non-defective pair produced The installation of plant upgrade C 2. the interest rate a company pays on loans outstanding depends on its credit ratings 3. The company’s shipments
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