Pretend You Are a Junior Managerial Accountant

question 17

Multiple Choice

Pretend you are a junior managerial accountant.Your supervisor has no knowledge of sustainability accounting.All of the following statements would be convincing arguments to advocate for the importance of sustainability accounting,except one.Which one?

• A)Sustainability accounting reflects the changing nature of accountability.
• B)Companies are only accountable to shareholders and shareholders care about sustainability.
• C)Companies are accountable to the world at large,not simply to shareholders.
• D)Sustainability accounting does not replace the emphasis on financial results;rather it complements financial strength in building a strong company for the future.

Understand the economic implications of firms exiting an industry due to decreased demand.

Explain how and why the marginal cost curve is relevant to production decisions.

Evaluate the relevance and application of the competitive price-taker model in understanding market dynamics.

Discuss the implications of a firm's inability to cover variable costs and the decision to shut down.

---

Definitions:

Classically Conditioned

The process by which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response.

Rectangle

A quadrilateral with four right angles and opposite sides that are parallel and of equal length.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is presented without the unconditioned stimulus.

Classical Conditioning

A method where learning occurs by continuously associating two stimuli, making a response that was elicited by the second stimulus to be elicited by the first stimulus over time.