Assume a company produced 100 units and sells 0 units. Which of the following costs will expensed on the income statement at the end of the fiscal year? Select one: factory manager's salary computer purchased for factory use depreciation on delivery trucks indirect materials used in production Which of the following statements is false? A cost can be all of these both direct and indirect for the same cost object a direct cost for one cost object and an indirect cost for another cost object both fixed and relevant at the same time Corporate governance Select one: a. is the system by which an organization is directed and controlled b. is applicable to public companies only c. should take into account the interests of stakeholders and not only shareholders d. a and c Which of the following is not considered a basic type of business organization? Select one: service organization manufacturing organization government organization merchandising organization In 2021, you paid $750 for a laptop. You have two options, You can sell it today for $500 and buy a new laptop for $1300 or keep the old lap top. Which of the three amounts ($750,$500 and $1300) will not be helpful for you when making a decision from a financial point of view? Select one: $750 and $1300 all three amounts $500 and $1,300 $750 only $1,300 only Which of the following statements is true? Select one: organizations use external data bases for both financial and managerial accounting organizations have separate data bases - one for financial accounting and one for managerial accounting financial and managerial accounting are independent of one another none of these Planning involves Select one: identifying alternatives selecting a course of action and specifying how the action will be implemented selecting the best alternative that does the best job of furthering organizational objectives all of these Which of the following statements is true? Select one: historical accounting information assists managers in preparing reports for the control function planning, implementation and control are functions that are performed by shareholders public companies are not required to report their activities to investors none of these Which of the following factors have led to an increase in worldwide competition? Select one: improvements in foreign exchange rates none of these increase in tariffs, quotas, and other barriers to free trade limitations in global transportation systems