When the U.S. government spends more than it receives within a fiscal year, this is called the
A. economic debt.
B. federal deficit.
C. fiscal debt.
D. national debt.
E. consumer debt.
Answer: B
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Which of the following statements regarding a periodic inventory system is incorrect?
A) A periodic inventory system is simpler than a perpetual inventory system. B) A periodic inventory system works well for small businesses in which inventory costs can be controlled by visual inspection. C) The only way to determine the ending merchandise inventory and cost of goods sold in a periodic inventory system is to take a physical inventory. D) The various inventory costing methods are not used in a periodic inventory system.
List the three major parts of an effective presentation structure and briefly describe the goals of each
Which sentence uses correct capitalization??? A) In the fall I will be taking courses in Mathematics, Psychology, and English
B) ?Corbin received his Bachelor's and Master's degrees from Stanford University. C) My favorite courses were History 104, Sociology 210, and Introduction to Macroeconomics.
In the context of business ethics,
A. the Sarbanes-Oxley Act requires all private companies to disclose their financial statements. B. the code of ethics is drawn up by an organization's administrative department. C. the statements provided by public companies regarding their code of ethics, as required by the Sarbanes-Oxley Act, are often just for show. D. ethical codes focus exclusively on employee conduct and avoid subjects such as the environment, technology, and political activity. E. executives pay the most attention to their company's code of ethics when their senior managers instruct them to do so.