A ________ is any business that is independently owned and operated and is not dominant in its field of operation.

A. public enterprise
B. small business
C. close corporation
D. monopolistic organization


Answer: B

Business

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Closing entries are required:

A. So that Revenue, expense, and dividends accounts must begin each period with zero balances. B. If management has decided to cease operating the business. C. Only if the company adheres to the accrual method of accounting. D. If a company's bookkeeper does not choose to prepare reversing entries. E. In order to satisfy the Internal Revenue Service guidelines.

Business

It is not important to select the proper communication channel

Indicate whether the statement is true or false

Business

Ethical leadership involves influence that is central to the leadership process. This means ______.

A. the ethics of the leader are the ethics of followers B. the process of leadership happens in a one-way environment C. ethical organizations can maintain good outcomes with a few unethical leaders D. leaders have enormous ethical responsibility for how they affect others

Business

How does a polite request differ from a direct question?

A) A polite request ends with a question mark. B) A polite request ends with a period. C) A direct question ends with either a period or a question mark. D) A direct question is the topic sentence of a routine request's closing paragraph. E) A polite request includes a statement of goodwill.

Business