One benefit of having an intranet for employee feedback is that it helps to keep such feedback internal, rather than publicly available
Indicate whether the statement is true or false
True
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Gomez Service Company paid their first installment on their Notes Payable in the amount of $2,000. How will this transaction affect the accounting equation?
A) Increase Liabilities (Notes Payable) and decrease Assets (Cash) B) Decrease Assets (Cash) and decrease Owner's equity (Note Payable Expense) C) Decrease Assets (Cash) and decrease Assets (Notes Receivable) D) Decrease Assets (Cash) and decrease Liabilities (Notes Payable)
Lipstik, Inc makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying on the mislabeling, Mikayla buys a Lipstik product and suffers an injury. Lipstik is most likely liable for
a. product misuse. b. fraud. c. privity. d. puffery.
The Common Law system originated in 11th century England
Indicate whether the statement is true or false
A system that controls all aspects of a company's business from production, through human resources, to accounting and other departments and accomplishes this with a centralized database is ________
Fill in the blank(s) with the appropriate word(s).