The universal element in all business activities is:
a. the manager
b. the stockholder
c. people
d. the entrepreneur
e. the government
c. people
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What is the operating cycle of a business? How does this impact the classification of assets into current and noncurrent categories?
Which of the following characteristics of psychological capital is a positive outcome outlook or attribution of events, which includes positive emotions and motivation?
A. hope B. resiliency C. optimism D. efficacy
Sunk costs are irrelevant for decision making
Indicate whether the statement is true or false
A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company retired these bonds at a call price of $99,000, the gain or loss on this retirement is:
A. $3,700 gain. B. $2,700 loss. C. $1,000 gain. D. $2,700 gain. E. $1,000 loss.