Family members are interdependent, with the actions of an individual family member understood only in relation to all family members and to the functioning of the family as a whole. This is the premise of which theory?
A. social penetration theory
B. accommodation theory
C. systems theory
D. standpoint theory
C. systems theory
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Assume the current ratio is 3 to 4 . Purchases of inventory on account would cause the current ratio to
a. increase b. decrease c. be unchanged since the effects offset each other d. be unchanged since it has no effects on any current accounts
Guilty people almost never confess when it is conveyed that they are what type of person?
a. Bad b. Simply careless c. Intelligent d. Obviously guilty
King Corporation borrowed $75,000 during Year 2 from its bank under a short-term borrowing arrangement. The statement of cash flows for King Corporation classifies the transaction as a(n)
a. operating activity b. investing activity. c. financing activity. d. lending activity. e. exchange activity.
Small retailers would generally find that it is less costly to use _____ in conducting retail audits than _____
a. company audit specialists; outside auditors b. company audit specialists; company department managers c. company audit specialists; independent consultants d. outside auditors; company audit specialists