Bill and charlene enter into a contract for the clearing, plowing, and preparing of charlene’s 100-acre tract for which she agrees to pay $1,000. bill transfers his duty under this contract to dewey. with respect to the duties under the original contract, this transfer
a. extinguishes bill’s obligation to perform.
b. does not relieve bill of the potential obligation to perform.
c. requires a special form to constitute a valid transfer.
d. is an invalid transfer of a non-transferable obligation.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?

What happens when the government finances a job creation project through taxes and borrowing?