The bankruptcy type that is most common is Chapter 7 bankruptcy.

Answer the following statement true (T) or false (F)


True

Business

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What concept from the book is possibly represented if the day manager of a restaurant goes home for the rest of his or her shift and leaves their waitstaff leaderless or without guidance for the afternoon and evening?

a. Leader popularity b. Leader authority c. Leader emergence d. Leader effectiveness

Business

Information from a manufacturing company's current year income statement follows. Calculate the company's (a) profit margin ratio, (b) gross margin ratio, and (c) times interest earned.Sales$850,000Cost of goods sold455,000Gross profit$395,000Operating expenses260,000Operating income$ 135,000Interest expense32,000Income before taxes$103,000Income taxes expense12,400Net income$ 90,600

What will be an ideal response?

Business

Capital gains can arise from the sale of any capital asset, but capital losses are limited to investment assets

Indicate whether the statement is true or false

Business

The European Data Protection Directive prohibits the transfer of PII to organizations or countries that do not have similar privacy protection policies

Indicate whether the statement is true or false

Business