Which statement is true about cultures with a long-term orientation?
A. They focus primarily on cultural values that tend to pay off in the future.
B. They prefer jobs that are relaxed, easy, and do not involve hard work.
C. They promote respect for those who are good at achieving immediate results.
D. They focus primarily on cultural values that fulfill obligations in the present.
E. They have a tendency to look down upon those who invest in savings.
Answer: A
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The Calvin-Dogwood Partnership owns inventory that was purchased for $65,000, has a current replacement cost of $64,500, and is priced to sell for $95,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted?
A) $97,000 B) $64,500 C) $65,000 D) $95,000
Which of these tips regarding the use of handouts as a visual aid is most accurate?
A) Handouts should be discussed during the presentation, but they should not be distributed until the presentation is finished. B) Savvy speakers no longer distribute handouts because audiences view the lowly handout as outdated and environmentally unfriendly. C) Handouts should be included in the registration packet, along with name tags, lunch tickets, and other event materials distributed prior to the presentation. D) All answer choices are correct statements about handouts.
In 2010, the Securities and Exchange Commission (SEC) announced its support for Generally Accepted Accounting Principles (GAAP).
Answer the following statement true (T) or false (F)
Which of the following factors influence short-term interest rates on government securities?
I. Federal Reserve actions II. interest rate risk III. expected future inflation IV. the real rate of return A) I and III only B) II and IV only C) I, II and IV only D) I, III and IV only