As of April of 2008

question 39

Multiple Choice

As of April of 2008,

• A)none of the people caught up in the corporate scandals had pleaded guilty.
• B)officials of only three corporations have been charged with serious crimes.
• C)the employees of Enron had recovered most of their lost pension funds when the courts forced that company's officials to return money they had stolen.
• D)several corporate criminals received jail sentences of 10 years or more.

Distinguish between various types of projective tests and their purposes.

Evaluate the reliability and validity concerns associated with projective tests.

Understand the goals and achievements of early American expeditions and their impact on territorial expansion.

Recognize the economic motivations behind early American trade and expansion, including the fur trade and trade with Asia.

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Definitions:

Job-order Costing

An accounting method used to track the expenses of specific jobs and calculate the cost of production for each job.

Process Costing

Process costing is an accounting methodology used for homogeneous goods, which systematically allocates the costs of production for each unit by averaging the total costs over all units produced.

Cost Reconciliation Report

A financial document used to reconcile and explain the differences between the cost of beginning and ending inventories in the manufacturing process.

Equivalent Units

A concept in cost accounting used to estimate the amount of finished goods produced from raw materials and partial productions.