Which of the Following Is Not not one of the Three

question 78

Multiple Choice

Which of the following is not not one of the three forms of business organization?

• A)Corporations
• B)Partnerships
• C)Proprietorships
• D)Investors

Compute the amount of fixed manufacturing overhead released from or deferred in inventories.

Analyze the impact of production and sales levels on net operating income under both costing methods.

Recognize the financial statement presentation and implications of absorption and variable costing methods.

Assess the effect of beginning and ending inventories on net operating income under absorption costing.

---

Definitions:

Repetition

The act of doing or saying something again, often for practice, memorization, or emphasis.

Elaboration

Mnemonic strategy of making mental associations involving items to be remembered.

Organization

(1) Piaget’s term for the creation of categories or systems of knowledge. (2) Mnemonic strategy of categorizing material to be remembered.

Technique

A specific way of carrying out a particular task, often implying a skillful or efficient method.