1. Asset = owner +liability
2. Liabilities are defined as
Owners claims on assets.
Outsiders claims on assets
Increases in cash.
Future economic benefits.
Assets are reported on the
Consolidated Income Sheet.
Statement of Cash Flows and Other Economic
The economist considered to be the "Father" of economics, and proponent of free markets is:
(Points : 1)
John Maynard Keynes
Question 2. 2. The tendency for consumers to seek out relatively cheaper goods
Question 19. 19. Quantity restrictions benefit which group the most? (Points : 1)
suppliers wanting to enter the market
Question 20. 20. "Mutual Interdependence" is the primary characteristic of which market
1. A job-order costing system is likely to be used by a(n)
Breakfast cereal manufacturer.
2. Assuming all other factors are held constant, the break-even point will be decreased by
Increasing the fixed costs.
1. A checks and balances system applies only
when Congress vetoes a presidential decision.
when Congress balances the federal budget.
when the separate branches of government exercise a check on the actions of the others.
All of the above.
2. The Tenth Am
A discrete random variable has a mean of 400 and a variance of 64. What is the standard deviation?
5) None of the above
Random Section 2
Data for a particular subdivision near downtown Houston indicate that th
Strategic behavior and game theory are features of which market structure?
1) Perfect competition
3) Monopolistic competition
Which one of the following individuals is not counted as unemployed?
A recent coll
A merchandising company's:
1) expenses include only product costs.
2) income statement doesn't include gross margin.
3) expenses include only period costs.
4) expenses include both period costs and product costs.
Brannon Company manu
43. Sam is an employee of Big Time Industries, Inc. He constantly uses high-pressure tactics when selling Big Times products. Bill, his boss, finds out
about these tactics. In order to maintain an ethical workplace, Bill will most likely:
Adkins & Ho
Adkins & Ho
Determine daily bandwidth
Determine daily pages viewed for October,
November, and December
Determine average, shortest, and longest
stay for each visitor
Determine site connections u