Dale Works for a Publishing Company

question 85

Multiple Choice

Dale works for a publishing company.Every time he writes a good article,he gets lots of fan mail expressing support to him.In the context of operant conditioning,the mails that Dale receives are called a

• A)neutral stimulus.
• B)unconditioned stimulus.
• C)secondary reinforcer.
• D)primary reinforcer.

Recognize the difference between accounting and bookkeeping.

Comprehend the roles of regulatory bodies and legal requirements in accounting standards and practices.

Appreciate the importance of ethical practices and integrity in accounting.

Understand the fundamentals and importance of the accounting cycle.

---

Definitions:

Direct Costing

An accounting method that identifies variable costs directly associated with production and excludes fixed costs from product costing.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Variable Costing

An accounting method that charges only variable production costs to units produced and treats fixed manufacturing overhead as a period expense.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.