For a startup business, which of the following is the most important financial statement?

• A. Income Sheet
• B. Balance Sheet
• C. Cash Flow Statement
• D. Capital Budget

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Jims company cell phone data plan is $20 a month for the first 2 GB with an additional $5 charge for each additional GB of data. This is an example of which type of cost?

• A. Fixed Cost
• B. Variable Cost
• C. Mixed Cost
• D. Meta Cost
• E. Batch Cost

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Which of the following is least likely to be part of a pricing strategy.

• A. Psychology
• B. Consumer Behavior
• C. Mathematics
• D. Engineering
• E. Cost Accounting

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John makes handcrafted koa wood bowls. His bowls are typically priced at $200, but he decides to put one on ebay. It ends up selling for $400. This is an example of which type of value?

• A. Objective value
• B. Subjective value
• C. Perceived value
• D. Applied value