What best describes an organization’s outputs?
a. Outputs include products and services, as well as the satisfaction of employees and customers
b. Outputs are an organization’s carbon footprint and environmental impact
c. Outputs can be evaluated on a purely financial level
d. Outputs only apply to the organization as a whole
a. Outputs include products and services, as well as the satisfaction of employees and customers
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According to the Uniform Commercial Code and the Restatement Second, an offeror who remains silent impliedly authorizes the offeree to accept by any reasonable means of communication.
Answer the following statement true (T) or false (F)
If a company receives $11,300 from a stockholder, the effect on the accounting equation would be:
A. Assets increase $11,300 and liabilities decrease $11,300. B. Liabilities increase $11,300 and equity decreases $11,300. C. Assets decrease $11,300 and equity decreases $11,300. D. Assets increase $11,300 and liabilities increase $11,300. E. Assets increase $11,300 and equity increases $11,300.
Forms of business organizations that limit the liability of their owners are available to businesspersons around the world. Among the features that such firms have in common, in most nations
a. articles of organization must be filed to form the enterprise. b. one of the owners must be a foreign entity. c. the organization can have an unlimited number of owners. d. the owners are not required to choose persons to manage the business.
Every succession plan must have a buy-sell agreement
Indicate whether the statement is true or false