Which of the following situation would be appropriate for a value creating tactic or strategy?
A. a zero-sum situation
B. a distributive situation
C. a situation where there can be only one winner
D. a non-zero-sum situation
Answer: D
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For foreign companies that issue securities in the United States to raise capital, the SEC
A) requires these companies to file form 20-F which reconciles certain amounts reported in their financial statements with US GAAP. B) accepts all financial statements that use IFRS. C) accepts only financial statements that are fully stated under US GAAP. D) accepts financial statements from foreign companies that use English-language IFRS without exception.
If A and B are independent events with P(A) = 0.35 and P(B) = 0.20, then, P(A?B) =
A. 0.07. B. 0.62. C. 0.55. D. 0.48.
Which of the following owner's equity accounts follow the same debit and credit rules as liabilities?
A) Expense accounts only B) Drawing accounts only C) Revenues accounts only D) Expenses and drawing accounts
A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Adjustments Debit Credit Debit Credit??Cash975 ??Accounts receivable 300 Prepaid insurance3,600 150Supplies180 70Equipment10,320 Accumulated depreciation?equipment 190Accounts payable 1,140 Salaries payable 315Unearned fees 4,500 375 Retained earnings 9,180 Dividends1,650 Fees earned 5,850 375 300Rent expense1,500 Salaries expense2,100 315 Utilities expense345 Insurance expense 150 Supplies expense 70 Depreciation
expense?equipment 190 Totals20,670 20,670 1,400 1,400 A. $4,670. B. $1,400. C. $1,855. D. $1,905. E. $2,060.