If Microsoft Is Thinking About Building a New Factory, It

question 115

Multiple Choice

If Microsoft is thinking about building a new factory, it is making a

• A) Long-run decision that will definitely enhance its profit.
• B) Long-run decision that may enhance its profit.
• C) Short-run decision that will definitely enhance its profit.
• D) Short-run decision that may enhance its profit.

---

Definitions:

Petty Cash Account

A small fund kept on hand for minor, incidental expenses.

Debit Memorandum

A document or entry recorded to reflect an adjustment or correction, usually increasing the amount a buyer owes to a seller.

Credit Memorandum

A document issued by a seller to a buyer, reducing the amount that the buyer owes under the terms of an earlier invoice.

Petty Cash

A small amount of cash kept on hand used for paying minor or incidental expenses in a business setting.