Which One of the Following Accounts Is Least Likely to Vary

question 6

Multiple Choice

Which one of the following accounts is least likely to vary directly with the level of sales?

• A)accounts payable
• B)inventory
• C)cost of goods sold
• D)interest expense
• E)accounts receivable

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Definitions:

Professional Associations

Organizations seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.

Shareholder Model

An approach in corporate governance focusing on maximizing the value for the shareholders, the owners of the company.

Corporate Governance

The system by which companies are directed and controlled, involving the mechanisms, processes, and relations by which corporations are regulated and operated.

Management Fixated

Refers to an organizational focus predominately on management perspectives, often at the expense of considering employee viewpoints or other stakeholder interests.