The General Fund of Reston Acquired Computer Equipment Costing $70,000

question 9

Multiple Choice

The general fund of Reston acquired computer equipment costing $70,000 during the fiscal year ended June 30,2009.Machinery and Equipment should be reported in Reston's General Fund Balance Sheet and government-wide Statement of Net Assets at June 30,2009,as follows:

• A)Option A
• B)Option B
• C)Option C
• D)Option D

Evaluate the effect of input price changes on firms' cost curves and competitive position.

Understand the relevance of opportunity cost in economic decision-making.

Analyze the implications of additive manufacturing (3-D printing) on manufacturing economics and scale.

Understand the aspirations and struggles of blacks in the post-Civil War era for work and landownership.

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Definitions:

Realistic Conflict Theory

Sherif’s theory of intergroup conflict that explains intergroup behaviour in terms of the nature of goal relations between groups.

Superordinate Goals

Goals that both groups desire but that can be achieved only by both groups cooperating.

Sherif

Refers to Muzafer Sherif, a social psychologist known for his work on group norms, social influence, and the Robbers Cave Experiment.

Commons Dilemma

Social dilemma in which cooperation by all benefits all, but competition by all harms all.