If management decides to buy part U98 from the outside supplier rather than to continue making the part, what would be the annual financial advantage (disadvantage) ?

A) ($30,800)
B) $25,200
C) $30,800
D) ($25,200)

Can the taxpayer avoid the failure to pay on time penalty by just filing an automatic extension to file his or her tax return?

Logrolling occurs when

A) congressional representatives trade votes.
B) voters are limited to voting on bundles of goods.
C) voters are uninformed about issues and thus simply vote with a given party.
D) lumberjacks roll logs downhill to their trucks.

Tracy was evaluated by multiple raters in her last job, including her supervisor, customers, peers, and clients. What performance evaluation system was most likely used in this instance?

A) whole-team evaluations
B) peer evaluations
C) 360-degree feedback
D) multiplicative feedback

A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July there was no beginning work in process; 40000 units were completed and transferred out; and there were 20000 units in the ending work in process that were 40% complete. During July $120000 materials costs and $105000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for July was $\begin{array}{lcc}& \text{ Materials }& \text{ Conversion Costs }\end{array}$
A) $\begin{array}{lcccccc}& \$2.00& & & & & \$1.75\end{array}$
B) $\begin{array}{lcccccc}& \$2.00& & & & & \$2.19\end{array}$
C) $\begin{array}{lcccccc}& \$2.50& & & & & \$1.75\end{array}$
D) $\begin{array}{lcccccc}& \$3.00& & & & & \$2.66\end{array}$

Contingent liabilities must be recorded if:

A) The future event is probable and the amount owed can be reasonably estimated.
B) The future event is remote.
C) The future event is reasonably possible but not estimable.
D) The amount owed cannot be reasonably estimated.
E) The future event is probable but not estimable.