Multiple Choice acounting help 10 points!?

1. Which one of the following is not a characteristic generally evaluated in ratio analysis?

a. Liquidity

b. Profitability

c. Solvency

d. marketability

2. Which of the following are the basic functions of management?

a. Supervising and directing

b. Decision making and supervising

c. Organizing and directing

d. Planning and controlling

3. Which of the following is false in regards to direct materials for an auto manufacturer?

a. Steel would probably be a direct material.

b. Upholstery fabric would probably be a direct material

c. Oil to lubricate factory machines would not be a direct material.

d. Small plastic clips to hold on door panels, because they become part of the auto, must be accounted for as direct materials.

1 Answer

  • 1. Which one of the following is not a characteristic generally evaluated in ratio analysis?

    d. marketability

    2. Which of the following are the basic functions of management?

    d. Planning and controlling

    3. Which of the following is false in regards to direct materials for an auto manufacturer?

    d. Small plastic clips to hold on door panels, because they become part of the auto, must be accounted for as direct materials.

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