Which of the following is an advantage of starting a business from scratch?
A. You do not have to deal with a prior owner's bad decisions.
B. Your concept, organizational structure, and operating practices are already in place.
C. Relationships with customers, suppliers, and other stakeholders are already established.
D. Getting financing and credit is less challenging.
Answer: A
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The executive who coordinates the technological efforts of various business units within a corporation is the
A. strategic champion. B. chief information officer. C. executive champion. D. technology innovator. E. information resource officer.
If an offer does not state a time for acceptance, it is valid:
A. for 10 days from the day the offer is made. B. for a reasonable time, which depends on the circumstances of the offer. C. for 20 days from the day the offer is received by the offeree. D. until the offeree accepts it.
Below are selected data from the financial statements of Moriarty Company. 2016 2015 Total liabilities $1,205,000 $952,000 Common stock ($30 par) 250,000 225,000 PaidÂin capital in excess of par—common stock 150,000 135,000 Retained earnings 155,000 145,000 The debt-to-equity ratio for 2016 is
a. increasing, which should be a major cause of concern for Moriarty Company. b. increasing, which should be a good sign in investors' eyes. c. decreasing, which should be a major cause of concern for Moriarty Company. d. decreasing, which should be a good sign in investors' eyes.
Alva provided services totaling $800 on account for a customer. This transaction would
a. increase an asset and decrease an asset; b. increase a liability and increase an asset; c. decrease an asset and decrease a liability; d. increase an asset and increase owner's equity; e. decrease two asset accounts.