What are the disadvantages of group term insurance?
A) The premiums are usually subsidized by the employer.
B) The cost to covert from group coverage to individual coverage if you leave the company may be cost prohibitive.
C) Relying on group insurance may hinder your decision to leave the company.
D) Both B and C are correct.
Answer: D
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How should intangible assets be disclosed on the balance sheet?
a. As a reduction of stockholders' equity b. At cost in the current assets section c. at the estimated market value at the balance sheet date d. Net of the costs already amortized
Cut-over conversion reduces risks because it confines any problems to fewer units.
Answer the following statement true (T) or false (F)
Which of the following is not true about the work sheet for a merchandising company?
a. It is required by generally accepted accounting principles (GAAP); b. The purchases account is not adjusted; c. The cost of goods sold account in the unadjusted trial balance is a clue to the inventory method used by the company; d. The inventory short and over account may be part of an adjustment to the trial balance; e. It helps a company prepare its financial statements
Answer the following statements true (T) or false (F)
1. Businesses that adopt the shareholder model must, by definition, pursue short-run profits. 2. A stakeholder perspective argues that while shareholders have important rights, there are other constituents toward whom a company should demonstrate responsibility and concern. 3. Executive stock option plans encourage businesses to take a more long run approach to profit maximization. 4. Financialization is a term used to describe the shareholder models' emphasis on short term profits rather than, say, the delivery of valued or needed goods and services. 5. Financialization is a business strategy that focuses on implement cost-cutting measures followed by leveraged buyouts.