The equilibrium quantity of sugar decreases, and the equilibrium price increases. Which of the following events would definitely result in these changes in the market for sugar?

• A.A new and more efficient harvesting method is developed for sugar.
• B.An earthquake occurs that damages many sugar processing facilities.
• C.A producer of artificial sweeteners goes out of business, and at the same time an earthquake occurs that damages many sugar processing facilities.
• D.A new health report emphasizes the risks of sugar consumption, and at the same time an earthquake occurs that damages many sugar processing facilities.

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Which of the following items would be considered a relevant cash flow for capital budgeting purposes?

• A.Incremental investment in working capital as the sales revenue increases
• B.Research expenses incurred during the previous three years
• C.Fixed operating expenses that will be incurred no matter which alternative is chosen
• D.Intangible and qualitative factors

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A college has recently finished building a new dining hall on campus. School administrators wish to survey students regarding their thoughts on the new dining hall. Which of the options below represents a correct sampling method?

• A.The administrators randomly select students from each class who are then surveyed via phone.
• B.An administrator surveys the first 50 students that enter the new dining hall that evening.
• C.The school posts a survey on their Facebook page and collects responses from current students.
• D.An administrator surveys the first 50 students that arrive to hear a guest speaker.

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A bank provided a $30,000 loan to fund a start-up. After six months, the new business paid
the loan off. How would the start-up record the latter transaction in its accounting books? (Ignore interest).

• A.Debit: Expenses (Owners' Equity); Credit: Cash (Assets)
• B.Debit: Cash (Assets); Credit: Notes payable (Liabilities)
• C.Debit: Contributed Capital (Owners' Equity); Credit: Other payables (Liabilities)
• D.Debit: Notes payable (Liabilities); Credit: Cash (Assets)

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A manager wants to examine the effect of season (Spring, Summer, Autumn or Winter) and time of the game (Morning, Afternoon or Evening) on the number of television viewers for a National Basketball Association game. How many dummy variables should be included in the multipleregression?

• A.2
• B.7
• C.5
• D.3

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