A reversing entry reverses the effects of an adjusting entry from the previous period.​

The joint cost allocation method that is not based on the economic characteristics of the joint products is the:

A) joint cost allocation method.
B) relative sales value method.
C) physical units method.
D) net realisable value method.

The introduction of automatic elevator equipment allowed firms to handle the movement of people in a multistory building at less cost, thus decreasing the demand for elevator operators. The best explanation for this change is that the

A) marginal product of elevator operators was equal to its price.
B) marginal product of automatic elevator equipment was equal to its price.
C) marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators.
D) marginal product of elevator operators divided by its price was greater than that for automatic elevator equipment.

A good strategy for women who want to network is to learn how to play golf.

Scapegoat theory provides an answer for one particularly irrational form of intergroup conflict: two minority groups attacking each other instead of the dominant majority group that victimizes them both.

Under the business judgment rule,corporate managers:

A) must not make uninformed decisions.
B) may have conflicts of interest.
C) are not required to make reasonable investigations.
D) may not benefit even as shareholders.