Jackie and Robert Own an Apartment Building as Partners

question 36

Multiple Choice

Jackie and Robert own an apartment building as partners.Cyndi,one of their tenants,gives Robert written notice she will be moving out at the end of the following month.Robert did not tell Jackie that Cyndi was moving.Has Cyndi properly given notice to the partnership?

• A)Yes.Notice to Robert was notice to the partnership.
• B)Yes, if it is determined that Robert acted negligently in failing to notify Jackie.
• C)No. Cyndi has an obligation to notify both Robert and Jackie.
• D)No. Jackie was not notified since Robert never told her Cyndi was moving.

Understand and differentiate between traditional costing and activity-based costing methods.

Calculate unit product costs using traditional costing method.

Calculate unit product costs using activity-based costing (ABC) method.

Compute predetermined overhead rates under traditional costing method.

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, a concept introduced by B.F. Skinner.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Spontaneous Recovery

The reappearance of a conditioned response after a period of lessened response.

Extinction

In biology, it is the end of an organism or of a group of organisms, normally a species.