An officer or director's responsibility to exercise ordinary care and prudence in discharging duties is the:
a. duty of good faith.
b. duty of diligence.
c. fiduciary duty.
d. duty of obedience.
b
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Cathode-ray tube (CRT) is a _________ tube that uses an electron gun (cathode) to emit a beam of electrons that illuminates phosphors on a screen as the beam sweeps across the screen repeatedly.
Fill in the blank(s) with the appropriate word(s).
If inventory costs have been falling during the year, which cost method results in the highest gross profit for the year?
A. Weighted average cost B. LIFO C. FIFO D. Specific identification
The ____________________ is a form used to pull together all of the information needed to enter adjusting entries and prepare the financial statements.
Fill in the blank(s) with the appropriate word(s).
Which statement is a reason why many retailers are creating and promoting their own captive brands?
A. Captive brands carry evidence of a store's affiliation and are available everywhere. B. Captive brands are displayed separately from mainstream products in a store. C. A captive brand strategy allows retailers to ask a price similar or equal to manufacturers' brands. D. A captive brand strategy allows retailers to market private brands as inferior to manufacturers' brands.