Which of the Following Accounting Methods Is Usually Used to Compute

question 26

Multiple Choice

Which of the following accounting methods is usually used to compute amortization expense?

• A)declining-balance
• B)units-of-production
• C)straight-line
• D)first-in, first-out

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Definitions:

OPEC Cartel

An organization of oil-producing countries that coordinates and unifies petroleum policies to secure fair and stable prices for petroleum producers.

Predatory Pricing

A competitive strategy where a firm sets very low prices with the intention of driving competitors out of the market, or to prevent new entries.

Antitrust Laws

Regulations designed to promote competition and prevent monopolies by limiting the power of large corporations.

Cartels

Groups of independent market participants who collude to control prices and output in an industry to maximize their collective profits.