Daniel, his parents, and three brothers own all the stock of their family farm corporation, and each person takes an active role in managing the enterprise. This corporation, which is taxed as a corporation, is most likely a(n)
A. S corporation.
B. professional corporation.
C. close corporation.
D. proprietorship.
Answer: C
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The International Federation of Accountants says:"IT has grown (and will continue to grow) in importance at such a rapid pace and with such far reaching effects that it can no longer be considered a discipline peripheral to accounting. Rather, professional accounting has merged and developed with IT to such an extent that one can hardly conceive of accounting independent from IT."In your opinion, why is accounting now interdependent with IT?
What will be an ideal response?
What is the strategic significance of products in the maturity stage of the product life cycle?
What will be an ideal response?
_____ assets refer to the accumulated intellectual resources that an organization possesses, including information, ideas, learning, understanding, memory, insights, cognitive and technical skills, and capabilities
a. Personal b. Knowledge c. Strategical d. Deployment
Changes in workforce refer not only to the workforce composition but also to its work habits.
Answer the following statement true (T) or false (F)