How much revenue did Facebook raise with its initial public offering (IPO) in 2012?
a. $10 billion
b. $16 billion
c. $50 billion
d. $150 billion
ANSWER: c
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Which one of the following statements regarding the gross profit method is true?
A) The gross profit method is a complicated method to use in practice. B) The gross profit method results in a more accurate inventory valuation than the retail inventory method. C) The gross profit method is an acceptable method to estimate the cost of inventory destroyed by a casualty. D) The gross profit method is often used to calculate the year-end inventory for financial accounting purposes.
Which of the following is a fraud scheme affecting the inventory?
a. Refreshing transactions b. Side agreements c. Double counting d. Lapping
The base case system evaluation is a variation of the test data method
Indicate whether the statement is true or false
Toyota uses a strategic network of vertical relationships. Toyota enables engineers in supplier firms to communicate easily with companies with which Toyota has contracts for services. This results in the suppliers and Toyota (the strategic center firm) being more:
A. interdependent. B. competitive with one another. C. creative. D. complementary.