Charles Owns a Business with Two Separate Departments

question 88

Multiple Choice

Charles owns a business with two separate departments.Department A produces $100,000 of income and Department B incurs a $60,000 loss.Charles participates for 550 hours in Department A and 100 hours in Department B.He has full-time employees in both departments.

• A)If Charles elects to treat both departments as a single activity,he cannot offset the $60,000 loss against the $100,000 income.
• B)Charles may not treat Department A and Department B as separate activities because they are parts of one business.
• C)If Charles elects to treat the two departments as separate activities,he can offset the $60,000 loss against the $100,000 income.
• D)If Charles elects to treat both departments as a single activity,he can offset the $60,000 loss against the $100,000 income.
• E)None of these.

Describe executive functioning and its importance in goal-directed behavior.

Understand the developmental process of problem-solving skills from early childhood through adolescence.

Recognize the role of analogies, problem-solving, and conceptual understanding in cognitive development.

Understand the characteristics and diagnosis criteria of autism.

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Definitions:

Efficiency

The property of a resource allocation of maximizing the total surplus received by all members of society.

Equality

The property of distributing economic prosperity uniformly among the members of society.

Decision Making

The cognitive process resulting in selecting a course of action among several alternatives.

Change Minds

The process of altering one's thoughts, opinions, or decisions based on new information or reconsideration.