Knowledge Check 01 Which of the following is not one of the categories used to sort costs in managerial accounting? Direct or indirect Manufacturing or merchandising Product or period Relevant or irrelevant

Producer surplus decreases as the price of a good decreases. True or False True False

Richard Branson's luxury hotel, the Kasbah Tamadot utilizes an operational model that employs people who are local to the area. True False

Which of the following is NOT true about a mortgage? The lender is the mortgagee Conveys security interest in the property to the lender A mortgage is a voluntary lien once recorded A mortgage is a promise to pay a debt

Which of the following would be most likely to cause a decrease in the natural rate of unemployment? Choose 1 answer: A A recession causes widespread layoffs B More people opt for an early retirement C An economic boom leads a temporary increase in output D People enter the job market at an earlier age E Public policies such as unemployment insurance are introduced

What does demand forecasting help businesses avoid? Overproduction and losses due to perishability Having too many investors Paying back bank loans Employee turnover

A(n) __ is a specific, mensurable result that must be achieved to reach an objective. program strategy initiative key result

Which of the following is NOT a practice management \#pplication software system? Nue M.D. Kareo MediSoft Microsoft Windows

Which entity enforces public health regulations? Judicial branch State-funded organizations Legislative branch Executive branch

Which of the following regulatory agencies has the greatest Influence over marketing activities? a. Consumer Product Safety Commission b. National Advertising Review Board c. Federal Trade Commission d. Food 8 Drug Administration e. Better Business Bureau

Exits, corridors, and hallways should always: be clearly marked with green lights be painted with lead-free paint to minimize spread of fire remain unobstructed and free of clutter have at least 5 manual pull stations