In your business, you record revenue when money comes in from customers, and record expenses when you pay bills. What basis of accounting are you using?

A) cash
B) income
C) accrual
D) debit


A

Business

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What statement suggests that the Johnson & Johnson Tylenol ad stating that "last year hospitals dispensed 10 times as much Tylenol as the next four brands combined" was suspiciously deceptive?

A. It was a simple statement of a valid claim about the product. B. Johnson & Johnson wanted consumers to think that the medical profession and hospitals believed it was the most effective acetaminophen treatment on the market. C. It was an effort to call attention to the practice of selling the drug to hospitals at a deep discount. D. Johnson & Johnson wanted to show its commitment to lowering medical costs to consumers.

Business

"Negligence in the air" is the standard of liability the Palsgraf case established

Indicate whether the statement is true or false

Business

For a person to be "fully insured" by social security, he or she must accrue a minimum of _____ quarters of contributions.?

A) ?twenty B) ?forty C) ?fifty D) ?thirty-five

Business

If you are allowed to change investments in your retirement plan over time, you have a(n) ________ plan

Fill in the blank(s) with the appropriate word(s).

Business