Who is responsible for operating an enterprise?
a. The auditor.
b. The audit committee.
c. Management.
d. The board of directors.
c
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According to Chester I. Barnard's classic definition, an organization is a
A. formal system of task and reporting relationships that coordinate and motivate employees. B. means to increase collaboration and cooperation among groups of people. C. set of shared, taken-for-granted implicit assumptions that a group holds. D. system of consciously coordinated activities or forces of two or more people. E. type of analytical tool used for planning.
In broad real terms, the dollar
A. depreciated against other currencies in the second half of the 1990s and in the early 2000s. B. depreciated against other currencies in the second half of the 1990s and appreciated against those currencies in the early 2000s. C. appreciated against other currencies in the second half of the 1990s and in the early 2000s. D. appreciated against other currencies in the second half of the 1990s and depreciated against those currencies in the early 2000s.
April, Inc. issued 4000 shares of preferred stock for $240,000. The stock has a par value of $60 per share. The journal entry to record this transaction would ________.
A) credit Cash $240,000, debit Preferred Stock—$60 Par Value $4000, and debit Paid-In Capital in Excess of Par—Preferred $236,000 B) debit Cash $240,000, credit Preferred Stock—$60 Par Value $4000, and credit Paid-In Capital in Excess of Par—Preferred $236,000 C) credit Cash $240,000 and debit Preferred Stock—$60 Par Value $240,000 D) debit Cash $240,000 and credit Preferred Stock—$60 Par Value $240,000
As vice president of sales, you would like to send company personnel a good-news message about the company's first quarter sales results. Which of the following would be the best subject line for your message?
a. Good News! b. FYI c. Sales Figures d. First Quarter Sales Exceed Projections