________ describes the concept that a large group of people is better at making good decisions than a single person
A) The wisdom of crowds
B) Outsourcing
C) Crowdsourcing
D) Social graphing
E) Social search
A
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The president of Christmas Corporation donated a building to Tuesday Corporation. The building had an original cost of $675,000, a book value of $255,000, and a fair market value of $475,000. The journal entry by Tuesday Corporation to record this donation will include a
A) debit Building for $255,000 and credit Gain for $255,000. B) debit Building for $475,000 and credit Gain for $200,000. C) debit Building for $475,000 and credit Gain for $475,000. D) debit Building for $675,000 and credit Gain for $200,000.
When the amount for a debit entry in a general journal is transferred to a specific account in the general ledger, it must be posted as a:
A) debit to the account in the general ledger. B) credit to the account in the general ledger. C) total amount, without regard to debit or credit, since the general ledger accounts do not have spaces for debit and credit entries. D) decrease to the account in the general ledger.
The payment of John's debt to Kirsten is guaranteed by John's personal property. Kirsten is most likely to perfect her interest by A) attaching a bright label to John's property
B) calculating the precise amount of John's debt. C) correcting grammatical errors in the parties' written agreement. D) filing a financing statement with the appropriate authority.
In case of unequal-lived, mutually exclusive projects, the use of net present value to select the better project results in an incorrect decision
Indicate whether the statement is true or false