________ is considered to be the fruits of one's mind.

A) Intellectual property
B) Cognitive property
C) Private property
D) Protected property
E) Tradable property

Consuming goods and services in the process of generating revenues results in expenses.

The owner of Acme Manufacturing Company is thinking about introducing the Scanlon Plan.This plan will most likely have the greatest impact on his employees'

A) job design.
B) autonomy.
C) working hours.
D) pay.
E) skill level.

The classicals,applying Say's law,believed that all our income would be ______,all our production would be _______ and all our savings would be _______.

Interest expense recognized each period on zero-coupon bonds sold at a discount is equal to the

A) credit to Cash
B) difference between the cash payment and the discount amortization
C) credit to Discount on Bonds Payable
D) sum of the cash payment and the discount amortization

On March 1, Brutto Corp.issues a 3 year, 5%, $60,000 bond at face value.Interest is paid semi-annually.The entry to record the first interest payment will include a

A) debit to Bonds Payable of $3,000.
B) debit to Cash of $1,500.
C) credit to Interest Expense of $3,000.
D) debit to Interest Expense of $1,500.