Changes in which of the following are included in operating activities?
A) accounts payable
B) bonds payable
C) treasury stock
D) property, plant, and equipment
Answer: A
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Expense items are ________
A) fairly important goods and services that people buy less frequently B) everyday goods and services that individuals buy C) inexpensive products that organizations generally use D) expensive organizational products with a longer useful life E) particular brands that the buyer especially wants and will seek out
Which of the following statements is false?
a. Cost drivers help identify cost as related to product variety and product complexity. b. Examples of volume-related cost drivers are work orders and distance traveled. c. Cost drivers promote the effective and efficient management of cost. d. Unit costs are caused by the production or acquisition of a single unit of product or the delivery of a single unit of service.