The management decision problem asks what information is needed and how it can best be obtained

Indicate whether the statement is true or false


FALSE

Business

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If a business person chooses to take the Gates Foundation’s “Giving Pledge,” what has she agreed to do?

a. pledge to treat profits from work to help others rather than themselves b. start her own charitable foundation c. give a specific amount of wealth to philanthropy each year d. give the majority of her wealth to philanthropy

Business

Which of the following statements regarding discontinued operations is true?

a. The assets and liabilities of a disposal group classified as held for sale by an entity may be offset and shown as a single item on the balance sheet of the entity. b. The assets and liabilities of a disposal group of an entity must be shown separately in the asset and liabilities sections of the balance sheet of the entity and cannot be offset. c. An adjustment in a subsequent period to the selling price of a component of an entity sold must be reported as a retroactive adjustment in the prior-period financial statements of the entity in which the discontinued operation was reported. d. The gain or loss on disposal of a component of an entity classified as a discontinued operation need not be disclosed separately from the loss from operations of the discontinued segment. e. None of these answers is correct.

Business

Which of the following is an instance of a mortgage?

A) Richard pays Ellen $1000 a month to live in her apartment. B) Richard pays Ellen $12,000 a year to live in her apartment. C) Richard gives his country estate as collateral to a bank from where he has borrowed money to buy an apartment. D) Richard has been living in an apartment for thirty years and upon his death, the apartment will be transferred to somebody else.

Business

The closing in a bad-news communication to employees must never look forward or discuss what will happen next because doing so can create a legal obligation

Indicate whether the statement is true or false

Business