If You Want to Make and Keep a New Year's

question 191

Multiple Choice

If you want to make and keep a New Year's resolution, which of the following is poor advice?

• A) Be sure your goal is realistic.
• B) Tell other people about your goal.
• C) Set either a very easy or an extremely difficult goal.
• D) Get periodic feedback on how well you are achieving your goal.

---

Definitions:

Sales Level

The quantity of goods or services sold or the amount of revenue generated from sales over a specific period.

Income Change

A variation in the amount of earnings generated by a business due to operations or other business activities over a specific period.

Absorption Costing

A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed overhead from inventory valuation.