Working capital is defined as ______________________ minus _____________________

Fill in the blank(s) with correct word


current assets, current liabilities

Chapter 6—Accounting Quality

MULTIPLE CHOICE

Business

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The supply curve of British pounds slopes upward because as the dollar _____ American goods become ______ for the British. Therefore, the British purchase ______ American goods, and the quantity of pounds supplied decreases.

a. depreciates against the pound; more expensive; more b. depreciates against the pound; more expensive; less c. appreciates against the pound; more expensive; less d. appreciates against the pound; less expensive; more

Business

Uploading copyrighted material to an unauthorized website by a non-copyright holder would constitute copyright infringement under the ________.

A. Digital Millennium Copyright Act B. Berne Convention C. No Electronic Theft Act D. Copyright Term Extension Act

Business

Unions were organized during the depression of the 1920's

Indicate whether the statement is true or false

Business

Which of the following statements regarding "Six Sigma" is TRUE?

A) The term has two distinct meanings–one is statistical; the other is a comprehensive quality system. B) Six Sigma means that about 94 percent of a firm's output is free of defects. C) The Six Sigma program was developed by Toyota in the 1970s. D) The Six Sigma program is for manufacturing firms and is not applicable to services. E) Six Sigma certification is granted by the International Standards Organization (ISO).

Business