In the federal and state systems, the only courts with general jurisdiction are the U.S. and state supreme courts
a. True
b. False
Indicate whether the statement is true or false
False
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Persuasive messages often follow a specialized four-phase format called the
A) PDQ plan. B) AIDA model. C) ASAP model. D) DEFF approach. E) direct, indirect, emotional and logical appeal plan.
Net income on a cash basis is arrived at by adding depreciation and amortization back to accrual net income
a. True b. False Indicate whether the statement is true or false
Cost-volume-profit analysis is a technique available to management to understand better the interrelationships of several factors that affect a firm's profit. As with many such techniques, the accountant oversimplifies the real world by making assumptions. Which of the following is not a major assumption underlying CVP analysis?
a. All costs incurred by a firm can be separated into their fixed and variable components. b. The product selling price per unit is constant at all volume levels. c. Operating efficiency and employee productivity are constant at all volume levels. d. For multi-product situations, the sales mix can vary at all volume levels.
Which of the following is an internal event?
A) Caddie salaries are paid by a country club. B) Dividends are distributed to a company's stockholders. C) Potatoes used in a fast-food restaurant are purchased. D) Products are transferred from the assembly area to the painting station.