Which of the following is an often overlooked asset when acquiring a new business?
a. records
b. buildings
c. equipment
d. employees
ANSWER: a
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Which of the following is not typically part of a security agreement?
A. Obligations of the debtor. B. Instructions on perfection. C. Description of the collateral. D. Remedies available to the creditor.
Sam Palmisano, CEO of IBM, has described a new way of doing business that goes to equity of distribution by observing that:
A. profit sharing will need to increase. B. stakeholder theory provides a way forward, combining local and global. C. to each according to his needs makes a lot of sense. D. IBM would end its colonial company model and move on to an integrated model with high levels of trust among stakeholders.
The entry to record reimbursement of the petty cash fund for postage expense should include:
A. A debit to Petty Cash. B. A debit to Cash Short and Over. C. A debit to Postage Expense. D. A debit to Cash. E. A debit to Supplies.
What are the four major factors in joint venture success?
What will be an ideal response?