Describe the elements of an informal organization.
What will be an ideal response?
Structures, systems, and processes that emerge spontaneously including informal leadership, influence, norms, and communication
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Which of the following statements best describes the effects of recognizing revenue earned by a business entity?
a. Assets increase only when cash sales are made. b. Stockholders' equity increases only when credit sales are made. c. Assets and stockholders' equity increase when either cash or credit sales are made. d. Assets increase, but stockholders' equity decreases, when either cash or credit sales are made.
A latent market is an undiscovered marketing segment
Indicate whether the statement is true or false
Unrealized gains and losses on investments in trading securities are reported
A) as a current asset. B) on the income statement. C) on the balance sheet as part of shareholders' equity. D) as a contra asset.
The ____ is the ratio of a firm’s current assets to its current liabilities that measures the firm’s ability to meet current obligations as they become due.
a. Inventory turnover ratio b. Debt ratio c. Debt to equity ratio d. Current ratio