IS resource acquisition and deployment should occur only in the context of a well-defined strategic plan for the organization as a whole

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Concerning the foreign exchange market, which of the following is FALSE?

a. Virtually all foreign exchange trading takes place in London and Zurich. b. Foreign exchange trading is dominated by the dollar, euro, yen, and pound. c. Individual households, businesses, governments, and banks buy and sell foreign currencies and other debt instruments. d. The foreign exchange market has no centralized meeting place and no formal requirements for participation.

Business

What are the actions to be taken by a salesperson when a product is unsatisfactory?

What will be an ideal response?

Business

Interim financial statements are not subject to a full audit by an independent auditor

Indicate whether the statement is true or false

Business

Jake exchanges an airplane used in his business for a smaller airplane also to be used in his business. His adjusted basis for the airplane is $325,000 and the fair market value is $310,000. The fair market value of the smaller airplane is $300,000. In addition, Jake receives cash of $10,000. Calculate Jake’s realized and recognized gain or loss and his adjusted basis for the assets received.

What will be an ideal response?

Business