Which of the following is not a lawmaking body but is so influential that many of its voluntary rules, such as the Incoterms, are accepted as the global standard in international business?
a. International Chamber of Commerce
b. International Court of Justice
c. The United Nation's General Assembly
d. The World Trade Organization
a
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The recognition of revenue may result from the settlement of a liability rather than from the acquisition of an asset
a. True b. False Indicate whether the statement is true or false
Which of the following yields the return on assets ratio?
a. (return on common stockholders' equity) × (asset turnover) b. (return on sales) × (asset turnover) c. (profit margin) × (return on sales) d. (profit margin) × (asset turnover)
When a new partner is admitted to a partnership
A) a bonus may be attributable to the old partner B) a bonus may only result from more cash being given by the new partner than the value of the of the assets being purchased C) a bonus agreed upon by the partners is recorded as an asset so long as the amount is within the range set by the SEC D) a bonus is not recorded
Many public relations leaders have argued that public relations should act as the ______________ of their organization
A. technology leader D. categorical imperative B. overall marketing coordinator E. universal communicator C. ethical conscience