Which of the Following Accounts Would Most Likely NOT Need

question 87

Multiple Choice

Which of the following accounts would most likely NOT need to be adjusted at the end of the year?

• A)Office Supplies
• B)Prepaid Insurance Expense
• C)Accumulated Depreciation
• D)Cash

Gain knowledge about the energy usage in different sectors across countries.

Understand the concept of net energy and its calculation.

Compare the environmental impact of different energy sources.

Recognize the global distribution of crude oil reserves.

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.

Diseconomies of Scale

A condition where a firm experiences increasing production costs and decreasing returns as it becomes too large.

Production Function

An economic model that describes the relationship between inputs used in production and the output of goods or services.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.