Fixed Assets Are Often Estimated Incorrectly by the Percent of Sales

question 113

Multiple Choice

Fixed assets are often estimated incorrectly by the percent of sales method because

• A) fixed assets remain constant and the percent of sales method assumes all assets increase proportionally with sales.
• B) fixed asset are very expensive.
• C) fixed assets are typically purchased in "lumps" and therefore do not increase proportionally with sales.
• D) fixed assets are part of the capital budgeting process.

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Definitions:

Collective Action

involves a coordinated group effort to achieve a common objective, often in the context of social or political issues.

Unionization

The process of organizing the employees of a company or sector into a union to collectively negotiate for better wages, working conditions, and other employment benefits.

Working-Class Power

The ability or potential of working-class individuals to collectively influence societal, economic, and political structures in their favor, often through unions, strikes, and other forms of collective action.

Political Behaviour

Political behaviour refers to the actions and attitudes of individuals and groups regarding politics, including voting, party affiliation, and civic participation.