Which gain-sharing plan requires that management has access to historical data so as to be able to calculate a so-called "normal labour cost"?

A) Rucker plan
B) family of measures plan
C) Scanlon plan
D) Improshare plan

A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively. If the market value weighted index was 970 yesterday and the prices changed to $23, $41, and $58 today, what is the new index value?

A) 960
B) 970
C) 975
D) 985

The option to value inventory at fair value exists under $\begin{array}{lll}& \underline{\text{GAAP }}& \underline{\text{ IFRS }}\end{array}$
A) $\begin{array}{lllc}& \text{ Yes }& & \text{ No }\end{array}$
B) $\begin{array}{lllc}& \text{ Yes }& & \text{ Yes }\end{array}$
C) $\begin{array}{lllc}& \text{ No }& & \text{No }\end{array}$
D) $\begin{array}{lllc}& \text{ No }& & \text{Yes }\end{array}$

What does it mean to say that works are in the "public domain"?

Norfolk Sporting Goods purchases merchandise with a catalog list price of $30,000. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the Inventory account?

A) $21,000
B) $20,580
C) $30,000
D) $29,400

The conditional factor demand function for factor 1 is a function x1(w1, w2, y)that tells the ratio of price to output for an optimal factor choice of the firm.