Which of the Following Is Not an Example of a Period

question 73

Multiple Choice

Which of the following is not an example of a period expense?

• A)the president's salary
• B)insurance for the home office
• C)accounting and information systems costs
• D)support activity costs such as legal services, employee training, and corporate planning.
• E)the factory foreman's salary

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Definitions:

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by its similarity to a prototype or example.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Heuristic

A rule-of-thumb or shortcut that is used to make decisions or solve problems more quickly.

Algorithm

A step-by-step procedure for calculations, data processing, and automated reasoning tasks.