Which of the Following Choices by a Manager Would Increase

question 25

Multiple Choice

Which of the following choices by a manager would increase net income, total assets and the return on assets ratio?

• A)An increase in the allowance for doubtful accounts.
• B)The increase in the life of an asset.
• C)A decrease in the estimate for warranty expense.
• D)The classification of the damage from a flood as an extraordinary item.

Understand the impact of real wage changes on the opportunity cost of household work.

Recognize the factors contributing to the increased labor force participation of married women in the U.S.

Identify the resource that comprises the largest share of household income in the U.S.

Comprehend the concept of utility maximization by households.

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Definitions:

Sure Payment

A fixed amount of money that is guaranteed to be paid under specified conditions.

Lottery

A form of gambling involving the drawing of numbers at random for a prize, often regulated by governmental entities.

Probability

A measure of the likelihood that an event will occur, often represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Utility

A measure of satisfaction, happiness, or benefit that an individual derives from consuming goods and services.