The income statement
a. measures the increase (or decrease) in net assets from selling goods and services for more (or less) than their costs.
b. displays the firm's sources and uses of cash.
c. reports the balance in cash at the beginning and end of the year.
d. helps a reader understand how a firm obtains and uses cash.
e. includes all of the above.
A
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For many products and services, the value of owning them increases as the number of owners increases. This is the concept of:
A) trialability. B) relative advantage. C) observability. D) network externalities.
You have been asked to locate secondary data for your small organization's research needs. Which of the following is NOT a common source for this type of research?
A) the local chamber of commerce B) the U.S. Census Bureau C) competitors' Web sites D) online surveys E) the library
Demographic characteristics are commonly used to segment a market because they are closely related to consumers' product needs and purchasing behavior.
Answer the following statement true (T) or false (F)
Kelly transfers shares of stock that she owns in Laundry Management Company to Max. A shareholders' meeting takes place before Max's ownership is entered in Laundry's stock book. A vote at the meeting can be cast by A) Kelly and Max
B) Kelly only. C) Max only. D) neither Kelly nor Max.