Often with stability, stability of _____________ is more critical than political changes, as long as these political changes are peaceful.
Fill in the blank(s) with the appropriate word(s).
policies
This is taken directly from the text. Business desires stability but can deal with political change as long as it is predictable. The U.S. is an example of a government with high change, but continuity of policies, per the text example.
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Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The operating lease method treats leases as executory contracts. b. The operating lease method recognizes a leased asset on the lessee's balance sheet. c. The operating lease method does not recognize a lease liability on the lessee's balance sheet. d. The lessor recognizes rent revenue as the lessee uses the leased asset over time. e. The lessee recognizes rent expense as the lessee uses the leased asset over time.
According to a Supreme Court ruling, performance appraisals are subject to the same validity criteria as selection procedures.
Answer the following statement true (T) or false (F)
Which of the following statements is true of the direct and indirect methods of preparing the statement of cash flows?
A) The indirect method and the direct method will produce the same amount of net cash flow from operating activities. B) The investing activities section is the only section that differs between the direct and indirect methods. C) The indirect method shows three types of cash flows, but the direct method does not. D) There is no difference in the way the operating activities section is presented.
The U.S. government collects and publishes data by ________ codes-groups of firms in similar lines of business.
A. MFG LIST B. NAPCS C. JIT D. PRIZM USA E. NAICS