DrArceneaux Wants His Students to Take Advantage of Online Practice

question 115

Multiple Choice

Dr.Arceneaux wants his students to take advantage of online practice quizzes on his course site.Which of the following is the most effective plan to increase the number of practice quizzes completed?

• A)1 bonus point for every 2 online practice quizzes completed
• B)5 points deducted from course total if no quizzes are completed
• C)1 bonus point awarded every 2 weeks if 2 or more quizzes have been completed
• D)1 bonus point awarded every now and then (about 2 weeks on average)if 2 or more quizzes have been completed recently

---

Definitions:

Purchases

The total amount spent on goods and services for the purpose of resale or use in production within a given accounting period.

Ending Inventory

The final amount of goods available for sale at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting the goods sold.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serves as a global framework for financial reporting.

GAAP

Generally Accepted Accounting Principles, a set of rules and standards used for financial reporting and accounting in the U.S.