Which of the following is NOT an industry where Venezuelan government has seized private commercial property?
a. banks
b. power companies
c. pharmaceuticals
d. gold mines
c. pharmaceuticals
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Which of the following statements about a budgeted Statement of Cash Flow (SCF) is false?
a. The budgeted SCF can be prepared using either the direct or indirect method. b. The SCF must be divided into the operating, investing, and financing sections. c. The SCF must be prepared after the income statement. d. The SCF can be prepared on either a continuous or on a rolling basis.
For which product category do 40% of shoppers spend half their money on private label brands?
A. personal care products B. clothing C. cleaning products D. medication E. groceries
Managers place a high priority on internal control systems because the systems assist managers in all of the following except:
A. Ensuring reliable accounting. B. Promoting efficient operations. C. Protecting assets. D. Assuring that no loss will occur. E. Upholding company policies.
In which of the following cases is a contract between A and B binding?
A) A makes a mistake of material fact, and the mistake is unknown by B. B) A and B make the same mistake of material fact. C) A recklessly but honestly misrepresents a material fact. D) A innocently misrepresents a material fact.