Three Friends (Mr

question 22

Multiple Choice

Three friends (Mr.Blue,Mr.Green & Mr.Yellow) go on a hunt for a brown bear.Mr.Blue organized the hunt.All three hunters saw a brown bear.Mr.Blue fired but missed.Mr.Yellow fired and was first to hit the bear,but only wounded the bear.Mr.Green fired and killed the bear.Who owns the dead bear?

• A) Mr.Blue
• B) Mr.Green
• C) Mr.Yellow
• D) All three hunters

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Definitions:

Variable Expenses

Costs that change in proportion to the level of production or sales activities of a business.

Fixed Expenses

Costs that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.

Net Operating Income

Income before interest and income taxes have been deducted.

Drop Product

A strategy or decision by a company to discontinue the production, sale, or support of a product line or item.