The gross profit ratio is calculated as gross profit divided by net income
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is a tip for writing more effectively for business purposes?
A. avoid using a subject line when sending an e-mail B. start by stating your purpose and what you expect of the reader C. use the passive voice (rather than the active voice) D. construct interesting, complex sentences E. begin an e-mail with an informal greeting like "Hey"
Research on first impressions has shown
a. once a first impression has been made, it is nearly impossible to change. b. once a first impression has been made, twice as much information is needed to reverse it. c. first impressions are formed in the first 30 seconds of meeting someone. d. a lasting first impression is more important than the interview itself.
Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $40,000 cash in exchange for common stock. Identify the general journal entry below that Innovation Consulting will make to record the transaction.
A.
| Cash | 40,000 | |
| Common Stock | 40,000 |
B.
| Cash | 40,000 | |
| Note Payable | 40,000 |
C.
| Common Stock | 40,000 | |
| Cash | 40,000 |
D.
| Investments | 40,000 | |
| Common Stock | 40,000 |
E.
| Accounts Receivable | 40,000 | |
| Cash | 40,000 |
In terms of ensuring quality in a decision:
A) We should engage only a few select individuals B) We should engage a wide variety of individuals C) We should only engage the primary decision maker D) None of the above