Use the Information Below to Answer the Following Questions

question 60

Multiple Choice

Use the information below to answer the following questions.
Fact 11.2.1 GM to Cut Production and Jobs
General Motors will temporarily idle five U.S.assembly plants that build sedans and coupes,such as the Chevrolet Cruze,Cadillac CTS,and Chevy Camaro,as American motorists by the millions shift from passenger cars to utility vehicles and other light trucks.
Source: The Toronto Star,December 21,2016
-Refer to Fact 11.2.1.The shutdown decision ________ total fixed cost and ________ total variable cost.

• A)decreases;decreases
• B)does not change;decreases
• C)does not change;does not change
• D)increases;does not change
• E)does not change;increases

Differentiate between cash flows from operating, investing, and financing activities.

Identify positive and negative cash flow effects from changes in balance sheet items.

Use the direct and indirect methods for reporting cash flows from operating activities.

Recognize transactions that influence cash flow but do not affect the income statement.

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Definitions:

Self-Fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.

Stereotypes

Oversimplified generalized beliefs about a group of people that often do not accurately reflect reality, influencing attitudes and behaviors towards members of that group.

Beautiful Is Good

A social psychological phenomenon where physical attractiveness leads people to attribute other positive traits such as intelligence and kindness to the person.

Stereotype

A fixed, overgeneralized belief about a particular group or class of people.