Chapter 16 Test Bank Multiple Choice 1. The Renaissance was born in which of the following cities? a. Athens b. Rome c. Florence d. Pisa Answer: c 2. Cultural and political leadership for the early Renaissance was under the auspices of which of the following families? a. the Lombards b. the Medici c. the Visconti d. the Castiglione Answer: b 3. Which of the following events caused a climate of intellectual skepticism in middle-class men and women of the era? a. the Black
Free Renaissance Florence Renaissance humanism
publicize their music with literally no cost (Sullivan). Richardson‚ CEO of Napster‚ Inc.‚ is promoting the good side of the software‚ and trying to make upset artists understand that this program is for the little guys (Sullivan). Richardson maintains that Napster will not hinder music sales‚ but will have an opposite effect (Sullivan). Napster is an MP3 file-sharing program that enables users to share their music with one another. Anyone with a computer can download the program‚ sign the user agreement
Free File sharing Copyright infringement Copyright
1. In an accounting information system‚ which of the following is NOT a transformational process? a. collecting data b. analyzing data *c. performance reporting d. summarizing data 2. Which of the following is NOT a process associated with an accounting information system? *a. auditing existing data b. collecting and recording data c. providing information to users d. analyzing and managing data 3. In an accounting information system‚ the inputs are usually a.
Premium Enterprise resource planning Costs Information systems
Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
Premium Costs Variable cost Cost
risk if the number of exposures were to increase to 1 million? A) It would decrease to 1 percent. B) It would decrease to 5 percent. C) It would remain the same. D) It would increase to 20 percent. Answer: A Question Status: Previous Edition 4) Uncertainty based on a person’s mental condition or state of mind is known as A) objective risk. B) subjective risk. C) objective probability. D) subjective probability. Answer: B Question Status: Previous Edition 5) The long-run relative
Premium Insurance Risk Risk management
manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by a business were what modern
Premium Management accounting Costs Cost accounting
manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
Premium Costs
Environment TRUE/FALSE (CHAPTER 1) 1. The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. A government’s budget may be backed by the force of law. 3. Governmental entities have no need for an accounting system. 4. A government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. Governments and not-for-profits may never engage in business-type activities. 6. Lenders
Premium Financial statements Balance sheet Financial Accounting Standards Board
employee turnover | |d. |encouraging poor performers to leave | ANS: B 4. The CEO of your company asks you to hire an older woman‚ to avoid the
Premium Employment Interview
Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
Premium Costs Marginal cost Variable cost