The Prefix Auto- Means

question 117

Multiple Choice

The prefix auto- means :

• A)other.
• B)self.
• C)control.
• D)switch.

Understand the concept of investment center and its evaluation using return on investment and residual income concepts.

Recognize the significance of departmental income statements in providing insights into the financial performance of individual departments within a company.

Understand the impact of inventory turnover and input cost changes on the cost of goods sold under different inventory valuation methods.

Analyze the effects of using FIFO, LIFO, and lower of cost or market methods on financial statements.

---

Definitions:

American Colonies

The territories in the New World that were controlled by European nations, particularly Britain, before gaining independence to become the United States of America.

Jacob Leisler

A German-American merchant and militia officer who led Leisler's Rebellion in the Province of New York from 1689 to 1691, challenging the authority of the English monarchy.

Rebel Militia

Informal military groups that resist established government forces, often formed in the context of civil war, rebellion, or resistance movements.

Dominion of New England

A short-lived administrative union of English colonies in North America (1686–1689) created by King James II, aimed at centralizing control and bolstering colonial defense.