31. Regression analysis is a technique used to: A. estimate the step and mixed components of total cost.B. estimate the fixed and variable components of a mixed cost.C. estimate the fixed and variable components of a step cost.D. estimate the fixed and mixed components of step cost.   32. Which of the following statements is true regarding regression analysis? A. It is usually the most accurate technique used to determine equivalent units.B. It […]

  81) If a surplus of loanable funds exists in the loanable funds market, the real interest rate ________ and the quantity of saving ________. A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) falls; does not change 82) The equilibrium real interest rate is 5 percent. If the real interest rate is A) 3 percent, then the supply of loanable […]

  11.Angela should also know that Maria’s therapist will most likely use: A.a clinical style of communication. B.a pedagogical style of communication. C.a legal style of communication. D.a political style of communication.     12.Before any encounters with other professionals begin, Angela can increase the likelihood of positive interactions with the other professionals by remembering which of the following? I.The need to be conscious of […]

  79.Which of the following is a direct cost in relation to the cost of teaching the managerial accounting course in a college? A.The cost of the paper that is given as handouts in the class B.The cost of the electricity to light the classroom C.The cost of the registration system D.The cost of the financial aid department of the college   80.Which of the […]

  61) In a circular flow diagram, i.the value of production = income. ii.the value of production = expenditure. iii.expenditure = income. A) i, ii and iii are true statements. B) Only iii is a true statement. C) i and ii are true statements. D) i and iii are true statements. E) Only i is a true statement. 62) The abbreviation “GDP” stands for A) […]

    91) The facilities manager of Symphony Systems, an IT Services Company, reaches out to the Information Systems department for setting up a virtual eco-collaboration team. He can communicate more effectively with the IT staff by ________. A) avoiding IT jargon B) emphasizing returns on investment C) highlighting the value of IT D) describing his end goal, not the means to get there   […]

  175.In the fourth quarter of 2014, Winston Wheels had the following net income:   Sales              $400,000 Less cost of sales              150,000 Gross margin              250,000 Selling and administration costs              110,000 Income before taxes              140,000 Income taxes                 42,000 Net income              $   98,000   Purchases in the fourth quarter of 2014 amounted to $170,000. Estimated data for 2015 follow:   FirstSecondThirdFourth QuarterQuarterQuarterQuarter Sales              $300,000              $350,000              $400,000              […]

    41) All of the following can create a bias in the CPI EXCEPT the A) new goods bias. B) outlet substitution bias. C) commodity substitution bias. D) GDP price index bias. E) quality change bias.   42) An example of the new goods bias in the calculation of the CPI is a price increase in A) butter relative to margarine. B) an iPod […]

  8.3   Chapter Figures       1) The figure above shows the U.S. production function. How would an increase in capital be shown in the figure? A) an upward shift or rotation of the production function B) a downward shift or rotation of the production function C) a movement from point A to point B D) a movement from point C to point B […]

    39) If in the market for apples the supply has decreased, then A) the supply curve for apples has shifted to the right. B) there has been a movement upwards along the supply curve for apples. C) the supply curve for apples has shifted to the left. D) there has been a movement downwards along the supply curve for apples.   40) If […]