Answer the following statement(s) true (T) or false (F)
Prepared entrepreneurs who are in the right place at the right time often appear to be lucky.
ANSWER: True
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When a customer deposits a check into a checking account for collection, the depository bank does not have to pay the customer the amount of the check until the check "clears."
Indicate whether the statement is true or false
Angelina owned a lot near a lake. Although she never had permission from the owner of the adjoining land, each weekend when she camped on her lot she crossed his land to take her boat to the boat ramp at the lake. If Angelina continued this use of her neighbor's land for the number of years required by local statute, she would have
a. created a "profit.". b. an easement by prescription. c. a grant easement. d. a license to use her neighbor's land.
Which of the following accounts is credited by the seller when tax is collected on retail sales?
A) Accounts Payable B) Payroll Tax C) Sales Tax Payable D) Unearned Revenue
The polycentric attitude is a world-oriented view focusing on using the best approaches and people from around the globe.
Answer the following statement true (T) or false (F)