The tendency of people to underestimate the time required to complete a task is called the

A) planning fallacy.
B) framing effect.
C) hindsight bias.
D) availability heuristic.

In a multiple subsidiary structure, the direct non-controlling interest is entitled to a proportionate share of:

A) pre-acquisition equity only.
B) post-acquisition amounts of equity only.
C) pre- and post-acquisition amounts of equity.
D) post-acquisition balance of retained earnings only.

According to persuasive communication research, getting an employee to accept a new policy is more easily done when:

A) you only give the employee information that supports the policy.
B) the information is written down rather than discussed orally.
C) the employee believes that you are credible and have expertise on the topic.
D) the employee is publicly committed to an opposing attitude.
E) both 'A' and 'C' occur.

Because of a difference between IFRS and GAAP with respect to the classification of an instrument as a financial liability or as equity, certain instruments classified as liabilities under IFRS may be, under GAAP,

A) not disclosed at all
B) classified as other comprehensive income
C) classified as equity
D) may be classified as assets

If there is inflation, then a firm that has kept its price fixed for some time will have a

A) high relative price.Relative-price variability rises as the inflation rate rises.
B) high relative price.Relative-price variability falls as the inflation rate rises.
C) low relative price.Relative-price variability rises as the inflation rate rises.
D) low relative price.Relative-price variability falls as the inflation rate rises.

The direct labor budget begins with the required production in units from the production budget.