QUESTION 21 Net income will result if gross profit exceeds Cost of goods sold Op

Question

QUESTION 21

Net income will result if gross profit exceeds

Cost of goods sold

Operating expenses

Purchases

Cost of goods sold plus operating expenses

1 points   

QUESTION 22

Management accounting information includes all of the following except:

Tabulated results of customer satisfaction surveys.

The cost of producing a product.

The percentage of units produced that is defective.

Market price of the stock.

1 points   

QUESTION 23

In which of the following situations might government regulation improve the operations of the economy?

Markets in which firms are protected from potential competition.

Markets in which spillover effects such as pollution are generated.

Markets for public goods such as national defense and lighthouses.

All of the above.

1 points   

QUESTION 24

Which of the following is a complete defense to the tort of defamation?

That the statement is true

That the statement was made without the intent to harm the plaintiff

That the statement was made by a private person and not a business

That the statement was made by a business and not a private person

1 points   

QUESTION 25

For the standard normal probability distribution, the area to the left of the mean is

-0.5

0.5

Any value between 0 to 1

1

1 points   

QUESTION 26

Suppose that nominal GDP (GDP measured in current dollars) rises by 5% and that inflation is 10%. Which of the following is true?

Nominal GDP has decreased.

Unemployment will fall.

Real (inflation-adjusted) GDP has decreased.

Real GDP has increased.

1 points   

QUESTION 27

You have just been asked to oversee 100 people on a two-year project, to develop a new MRI machine similar to a current product, which will have twice the effectiveness and will cost less to manufacture. You are uncertain about the time required to complete many of the activities. Which project management technique should you use?
I. CPM with a single time estimate
II. Crashing
III. CPM with three time estimates

I, II

I, III

I only

III only

I, II, III

1 points   

QUESTION 28

In a project network the critical path is the sequence of activities which has:

The most activities.

The most nodes.

The most events.

The longest time.

The greatest variance.

1 points   

QUESTION 29

The increasing integration of the global economy results in which of the following consequences?

Foreign direct investment is playing a smaller role as companies of all sizes are investing less overseas.

Opportunities are greater because formerly protected national markets are open to free trade.

Companies around the globe are finding that their home markets are no longer under attack from foreign competitors.

The environment is less complex because managers now only have to deal with a single, unified global culture.

1 points   

QUESTION 30

When poor people are discriminated against this is due to

Race.

Gender.

Socio-economic factors.

Education.

A.

Cost of goods sold

B.

Operating expenses

C.

Purchases

D.

Cost of goods sold plus operating expenses

Explanation / Answer

21. Net income will result if gross profit exceeds operating expenses

Option b

22. Management accounting information includes: tabulated results of customer satisfaction surveys, the cost of producing a product, the percentage of units produced that are defective

Hence, it does not include Market price of the stock

Option d

23. government regulation improves the operations of the economy in all three scenario.

Hence, option d

24. a complete defense to the tort of defamation is that the statement is true.

Option a

Note: max. 4 questions at a time

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