Which of the following statements regarding database management systems is not correct?

• A.Applications pass on the instructions for data manipulation which are then executed by the database management system.
• B.Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.
• C.The data within the database management system can only be manipulated directly by the database management system administrator.
• D.The database management system acts as a layer between the application software and the operating system.

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What is the method of presenting a noncontrolling interest in a consolidated balance sheet?

• A.As a separate item within the deferred credits section.
• B.As a deduction from contra to goodwill from consolidation if any.
• C.By means of notes to the balance sheet.
• D.As a separate item within the equity section.

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Company F produces and sells two products. Product A costs US $10 per unit and Product B costs US $5 per unit. Product A is selling very well, but sales of Product B are low. In order to increase sales of Product B, Company F has begun setting a price of US $13 for one of each.
What is the pricing method?

• A.Product-bundle pricing.
• B.By-product pricing.
• C.Value pricing.
• D.Collusive pricing.

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The value of retaining employees is determined by:

• A.Human asset accounting.
• B.Financial accounting.
• C.Cost accounting.
• D.Human resource planning.

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A company is attempting to determine if there is a cause-and-effect relationship between scrap value and output produced. The following exhibit presents the company's scrap data for the last fiscal year: The company's scrap value in relation to the standard monetary value of output produced appears to be:

• A.A variable cost.
• B.A fixed cost.
• C.A semi-fixed cost
• D.Unrelated to the standard monetary value of output.

Correct Answer: D

There is no systematic relationship bee en standard monetary units shipped and the percentage of scrap. A company wants to determine its marketing costs for budgeting purposes. Activity measures and costs incurred for 4 months of the current year are presented in the table below. Advertising is considered to be a discretionary cost.
Salespersons are paid monthly salaries plus commissions. The sales force was increased from 20 to 21 individuals during the month of May.

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