As inventoriable costs expire they become

A) selling expenses.
B) gross profit.
C) cost of goods sold.
D) sales revenue.

An example of an intangible resource is ______.

A) Jantix Corporation has a reputation of having high quality customer service
B) Jantix has a large and easily accessible inventory of products
C) Jantix owns the largest production facility in Montana
D) Jantix employs the second largest number of employees in Montana

The filtering of information pertains to what type of communication?

A) Upward communication
B) Downward communication
C) Non-verbal communication
D) Upward and downward communication
E) Cross-cultural communication

Which of the following ratios increases when inventory is sold on account for a price equal to its original cost?

A) Current.
B) Quick.
C) Return on assets.
D) Return on equity.

The joint IASB/FASB qualitative characteristics Exposure Draft identifies a logical order in which to evaluate the qualities.That order (first, second, third) is

A) faithful representation, relevance, enhancing characteristics
B) relevance, enhancing characteristics, faithful representation
C) relevance, faithful representation, enhancing characteristics
D) enhancing characteristics, relevance, faithful representation

Pure capitalism and a pure command system represent:

A) two different ways of answering the basic economic questions.
B) two names describing the same method of answering the basic economic questions.
C) the only two ways of answering the basic economic questions.
D) the most efficient ways to answer the basic economic questions.
E) two market systems of resource distribution.