The Dow-Jones Industrial Average is at 17,800. A call option on the Index with a strike price of 177 would be in the money

Indicate whether the statement is true or false.


Answer: FALSE

Business

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Accumulating, interpreting, and reporting financial information is important for

a. service-related firms only. b. manufacturing firms only. c. virtually all types of organizations. d. not-for-profit organizations only.

Business

Identify which error will cause the trial balance to be out of balance.

A. A $75 cash receipt from a customer in payment of her account posted as a $75 debit to Cash and a $75 credit to Cash. B. An $800 prepayment from a customer for services to be rendered in the future was posted as an $800 debit to Unearned Revenue and an $800 credit to Cash. C. A $100 cash receipt from a customer in payment of her account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable. D. A $200 cash salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense. E. A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash.

Business

______ tests measure the psychological traits or characteristics of applicants to determine suitability for performance in a specific type of job.

A. Personality B. Skills C. Interest D. Cognitive ability

Business

The microenvironment consists of larger societal forces that affect a company, such as demographic, economic, political, and cultural forces

Indicate whether the statement is true or false

Business