ACCT 311 Discussion 4 Liberty University
Each member of the group will select one question below. You may not select a question that has already been posted by another group member. Please be sure that you clearly identify the question number you have selected.
- Airlines sometimes offer reduced rates during certain times of the week to members of a businessperson’s family if they accompany him or her on trips. How does the concept of relevant costs enter into the decision by the airline to offer reduced rates of this type?
- “Variable costs and fixed costs mean the same thing.” Do you agree? Explain.
- What is the major criticism of the payback and simple rate of return methods of making capital budgeting decisions?
- Relate the IMA standard of integrity to Biblical principles.
- Relate the IMA standard of credibility to Biblical principles.