If you're asked to submit to alcohol testing and drug screening during the hiring process,remember that

A) only government agencies can require those tests.
B) a majority of companies require all applicants to submit to such tests.
C) what you do in your free time will not affect how you'll perform on the job.
D) the Supreme Court has determined that those tests violate workplace privacy laws.

Harry Markowitz is best known for his Nobel Prize-winning work on ________.

A) strategies for active securities trading
B) techniques used to identify efficient portfolios of risky assets
C) techniques used to measure the systematic risk of securities
D) techniques used in valuing securities options

In peak-load pricing,

A) marginal revenue is equal in both periods.
B) marginal revenue in the peak period is greater than in the off-peak period.
C) marginal revenue in the peak period is less than in the off-peak period.
D) the sum of the marginal revenues is greater than the sum of the marginal costs.

Which of the following is true of downward communication?

A) The process of creating progress reports is an example of downward communication.
B) Recording a project's results and accomplishments involves downward communication.
C) Orientation to a company's rules and practices is an element of downward communication.
D) Problem solving and clarifications in organizations involve downward communication.

In the reclining chair industry (which is perfectly competitive) , two different technologies of production exist.These technologies exhibit the following total cost functions: C1(Q)  500  560Q  40Q2  Q3
C2(Q)  600  280Q  20Q2  Q3
Due to foreign competition, the market price of reclining chairs has fallen to $170.In the short run, firms using technology 1

A) and firms using technology 2 will remain in business.
B) will remain in business and firms using technology 2 will shut down.
C) will shut down and firms using technology 2 will remain in business.
D) and firms using technology 2 will shut down.
E) More information is needed to make a judgment.

If an asset is being sold or exchanged, the gain or loss is always computed by comparing the:

A) market value and cost.
B) book value and salvage value.
C) market value and salvage value.
D) market value and book value.

An accounting course is taught in two classes per week for one hour and fifty minutes each. The classes are held in a building with 36 classrooms that are used for a variety of courses. There are 15 other courses taught in the Accounting Department at this university. If the cost object is the accounting course, which of the following is a direct cost?

A) The course Instructor's salary for teaching the course (he only teaches this one course) .
B) The salary of the building's custodian.
C) The property taxes on the land and classroom building.
D) The Accounting Department's secretary salary.