During 2016, Tony's assets equal $200,000 and his liabilities are $250,000. Tony's net worth is

A) -$50,000.
B) $50,000.
C) $300,000.
D) $550,000.

Which of the following variances would be useful in calling attention to possibl? problems in the control of spending on overhead items?
$$\begin{array}{lll}& \begin{array}{l}\text{vartable }\\ \text{ overhead}\\ \text{spending }\\ \text{vortance }\end{array}& \begin{array}{l}\text{fixed }\\ \text{ overhead}\\ \text{spending }\\ \text{vortance }\end{array}\\ \text{ A }& \text{ No }& \text{ No }\\ \text{ B }& \text{ No }& \text{ Yes }\\ \text{ C }& \text{ Yes }& \text{ No }\\ \text{ D }& \text{ Yes }& \text{ Yes }\end{array}$$

A) Choice A.
B) Choice B.
C) Choice C.
D) Choice D.

The amount of direct labour cost in the April 30 Work in Process inventory was:

A) $3,300.
B) $2,800.
C) $6,300.
D) $3,500.

Which of the following guidelines should you follow for effective email communication?

A) Send to single or multiple addressees.
B) Avoid restating the subject in the body of a message.
C) Focus on multiple topics in a single message.
D) Avoid using graphic highlighting.

Government purchases are about _____ of GDP.

A) one-half
B) two-fifths
C) one-third
D) one-fifth
E) one-tenth

Who among the following is a knowledge worker?

A) An assembly-line worker who assembles products in a factory
B) A businessman who owns a group of educational institutions
C) An engineer who develops software applications for a phone company
D) A shareholder of a firm that is involved in knowledge processing operations