1.A company will use managerial reports to

a.determine spoilage.

b.determine product selling prices.

c.reduce direct labor costs.

d.All of these choices are correct.

2.All of the following are considered manufacturing costs except

a.direct labor.

b.direct materials.

c.selling and administrative expenses.

d.factory overhead.

3.Which of these best refers to sustainability in business?

a.Collecting information used in evaluating the savings generated by using fewer natural resources in a companys operations

b.Operating a business to minimize profits while attempting to preserve the environment, economy, and needs of future generations

c.Operating a business to maximize profits while attempting to preserve the environment, economy, and needs of future generations

d.Reporting decision-useful information regarding eco-efficiency measures to external financial statement users

4.Waste minimization is a sustainable business activity

a.involving recycling and reuse practices that reduce the amount of waste disposed in landfills.

b.that generates energy with little or no pollution.

c.involving recycled building materials, high-efficiency heating and cooling systems, and renewable energy generation.

d.involving biofuel-powered vehicles.

5.Waste minimization is a sustainable business activity

a.involving recycling and reuse practices that reduce the amount of waste disposed in landfills.

b.that generates energy with little or no pollution.

c.involving recycled building materials, high-efficiency heating and cooling systems, and renewable energy generation.

d.involving biofuel-powered vehicles.