What is the role of business incubators?
A. They provide new and small businesses with information silos.
B. They provide a protected environment for new and small businesses.
C. They provide enhanced wellness benefits to employees of large businesses.
D. They protect consumers from fraud.
E. They provide opportunities for exponential growth without competition.
Answer: B
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Before having an impact on the culture via a code of conduct or a statement of values, a company must first determine its mission and articulate its mission statement.
Answer the following statement true (T) or false (F)
Which of the following would not be an elimination on a work sheet for a consolidated income statement?
a. Debit Cost of Goods Sold and credit Sales. b. Debit Interest Income and credit Interest Expense. c. Debit Common Stock and Retained Earnings and credit Investment in Subsidiary. d. Debit Sales and credit Cost of Goods Sold.
Use of activity-based costing and activity-based management requires
a. the creation of an environment for change in an organization. b. elimination of all non-value-added activities in an organization. c. that company processes be automated and the use of direct labor be minimal. d. each process be fully mapped and all activities be identified as value-added or non-value-added.
Which of the following is/are true about amounts received from shareholders for the firm's shares when the firm first issued them?
a. The firm assigns the par value of a share of stock at an amount it chooses. b. Par values are typically small, often $1 or less per share. c. Par values are rarely equal the amounts the firm receives when it issues the shares. d. The sum of the par value amount and the additional paid-in capital amount is the total amount received from shareholders. e. All of these answers are true.