The statement of cash flows reports all of the following except:
A. The net increase or decrease in assets for the period reported.
B. Cash flows from investing activities.
C. Cash flows from financing activities.
D. Cash flows from operating activities.
E. The net increase or decrease in cash for the period reported.
Answer: A
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The purpose of _____ is to track every financial transaction within a company, from a few cents to multimillion dollar purchases, from salaries and benefits to the sale of every item.
A. human resources management B. marketing C. accounting D. project management
How did Franklin Roosevelt’s establishment of the minimum wage fit with Adam Smith’s economic philosophy?
a. It satisfied Smith’s argument for a livable wage for every full-time worker. b. It violated Smith’s argument for government nonintervention in the economy. c. It violated Smith’s argument that businesses should obey the law and seek profits and nothing else. d. It satisfied Smith’s argument that governments should seek to regulate businesses to force ethical behavior in all ways possible.
In activity-based costing, final cost allocations assign costs to
a. activities. b. departments. c. processes. d. products.
Answer the following statements true (T) or false (F)
1. Companies pursuing a strategy of low cost are more likely to employ union suppression tactics than companies pursuing a strategy of differentiation. 2. Although the labor market has a significant influence on labor relations, the product market, by contrast, has relatively little influence. 3. The key problem with financialization, from a labor relations perspective, is that it places too much emphasis on investing in new technology and equipment, rather than on investing in employee training and development. 4. Financialization refers to the pursuit of increased profits through financial transactions rather than through the delivery of a business' core goods and services.