Budgets are normally used only by profit-making businesses

Indicate whether the statement is true or false


False

Business

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The spreadsheet method is designed to determine changes in each income statement account and then reconstruct the implied effects of those changes on cash

Indicate whether the statement is true or false

Business

Which of the following errors will cause the trial balance to be out of balance?

a. An entire transaction was entered in the general journal as $27 instead of $72. b. An entire transaction was omitted from the general journal. c. The balance of an account was incorrectly computed. d. A debit entry was entered in the wrong debit account.

Business

Identify the characteristic nature of late majority.

A. They use salespeople and have much contact with the early majority. B. They make a lot of use of salespeople. C. They make a lot of use of mass media. D. They respond more to social pressure from other late adopters than to salespeople. E. They have a lot of contact with early adopters.

Business

________ refers to synchronous exchange of audio, video, and text between two or more individuals or groups at two or more locations.

A. Teleconferencing B. Interactive distance learning C. Virtual classroom D. E-learning

Business