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FiveStarLaw
FiveStarLaw, Lawyer
Category: Homework
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Experience:  Lawyer, Accountant and Researcher
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80) _____ costs relate to more than one product and cannot

Resolved Question:

80) _____ costs relate to more than one product and cannot be separately identified with an individual product

A. Allocable

B. Common

C. Joint

D. Bundle



81) Joint costs are incurred _____.

A. after the process-further decision

B. before the production process is started

C. after the split-off point but before the process-further decision
D. before individual products are separately identified



82) Jack and Jill form a partnership. Jack runs the business in New York, while Jill vacations in Hawaii. During the time Jill is away from the business, Jack increases the debts of the business by $20,000. Which of the following statements is true regarding this debt?

A. Neither Jack nor Jill is personally liable for the business debt, since the partnership is a separate legal entity.
B. Only Jack is personally liable for the debt, since he has been the managing partner during that time.

C. Both Jack and Jill are personally liable for the business debt.

D. Only Jill is personally liable for the debt of the business, since Jack has been working and she has not.



83) Which statements describe the principal reason(s) why investors and creditors use financial statement analysis? 1. To assess the risks associated with expected returns 2. To establish recommended dividend and interest payments 3. To evaluate top and middle level management 4. To predict the amount of expected returns

A. 1, 2, and 3
B. 1 and 2

C. 3 and 4

D. 1 and 4



84) The proprietorship form of business organization

A. is classified as a separate legal entity.

B. must have at least two owners in most states.

C. combines the records of the business with the personal records of the owner.
D. generally receives favorable tax treatment relative to a corporation.



85) A local retail shop has been operating as a sole proprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this owner to incorporate?

A. the ease in transferring shares of the corporation’s stock
B. ability to raise capital for expansion

C. the prestige of operating as a corporation

D. desire to limit the owner’s personal liability



86) Although the U.S. has had a longstanding agreement with ___________, after the passage of NAFTA, _________ became the United States' second largest trading partner.

A. Canada, Venezuela

B. Canada, Mexico

C. Mexico, Canada

D. Mexico, Venezuela

E. Great Britain, Paraguay



87) Diversity training programs are generally intended to provide a vehicle for _____.

A. balancing work/life conflicts

B. increasing awareness and examining stereotypes
C. eliminating group learning

D. socializing otherwise unmanageable employees

E. focusing on individual differences



88) Which of the following is not one of the Caux Round Table Principles for International Business?

A. Respect for the Environment.

B. Avoidance of Illicit Operations.

C. Promotion of Multiculturalism.

D. Responsibility of Business Beyond Shareholders Toward Stakeholders.
E. Support for Multilateral Trade.



89) One study found that manufacturing labor costs about ___ an hour in China, compared to ____ dollars in the United States.

A. $2; about 25

B. Less than $1; about 15
C. Less than $1; about 25
D. Less than $1; about 40
E. About $2; about 15



90) The centerpiece of most diversity programs is _____.

A. human resource personnel

B. employee satisfaction

C. employee commitment

D. top management commitment
E. training


91) Which article of the United States Constitution deals with the judicial power of the federal government?

A. Article IV.
B. Article V.

C. Article II.

D. Article I.

E. Article III.


92) Which of the following statements is generally NOT true about state intermediate appellate courts?

A. The appellate court allows the parties to make oral arguments outlining their position.

B. The appellate court allows the parties to introduce new evidence so long as it was not previously introduced at the original trial.
C. The appellate court reviews the record of the trial court.

D. The appellate court usually allows the parties to file briefs outlining support for their positions.



93) When an economist says that the demand for a product has increased, this means that:

A. consumers respond to a lower price by buying more.
B. the demand curve becomes steeper.

C. quantity demanded is greater at each possible price.
D. firms make less of the product available for sale.



94) If consumer incomes increase, the demand for product Y will _____________.

A. shift to the right if Y is a normal good

B. shift to the right if Y is a complementary good
C. necessarily remain unchanged
Submitted: 2 years ago.
Category: Homework
Expert:  FiveStarLaw replied 2 years ago.

WebLaw :


I am happy to answer all of your questions but I would require them to be sent to me in small groups or individually. As a subscriber, you can accept each answer individually at no additional cost beyond your monthly payment.

If this is satisfactory, please start your questions with "FOR WEBLAW" I will give it my immediate attention

WebLaw :

Do you still need assistance? If so would you please consider breaking your questions up.. As a subscriber, you can send each question individually and accept each answer individually at no additional cost beyond your monthly payment.

If this is satisfactory, please start your questions with "FOR WEBLAW" I will give it my immediate attention

FiveStarLaw, Lawyer
Category: Homework
Satisfied Customers: 36461
Experience: Lawyer, Accountant and Researcher
FiveStarLaw and 8 other Homework Specialists are ready to help you
Expert:  FiveStarLaw replied 2 years ago.
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