The coding system typically used in the general ledger chart of accounts is:
a. serial coding
b. hierarchical coding
c. block coding
d. mnemonic coding
B
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The term "FIFO" relates to the merchandise in inventory at the end of the accounting period, not to the merchandise sold during the period
a. True b. False Indicate whether the statement is true or false
Describe the differences between affirmative action, valuing diversity, and inclusion.
What will be an ideal response?
SparkLight, Inc is a company that manufactures electric lights. It develops a new type of electric lamp called FullBright. One of its competitors releases the same product into the market. SparkLight, Inc files a lawsuit against the competitor
Which of the following statements is true of this scenario? A) If FullBright is registered as a trade secret, SparkLight, Inc. should prove that the competitor used the trade secret without its permission. B) If FullBright is registered as a trade secret, SparkLight, Inc. can recover damages even if the competitor discovered the trade secret by lawful means. C) If a patent has been issued for FullBright, SparkLight, Inc.'s competitor is not guilty of infringement if it reverse engineered FullBright. D) If a patent has been issued for FullBright, SparkLight, Inc. can form a tying arrangement with its competitor to receive royalties.
Answer the following statements true (T) or false (F)
1. Businesses that adopt the shareholder model must, by definition, pursue short-run profits. 2. A stakeholder perspective argues that while shareholders have important rights, there are other constituents toward whom a company should demonstrate responsibility and concern. 3. Executive stock option plans encourage businesses to take a more long run approach to profit maximization. 4. Financialization is a term used to describe the shareholder models' emphasis on short term profits rather than, say, the delivery of valued or needed goods and services. 5. Financialization is a business strategy that focuses on implement cost-cutting measures followed by leveraged buyouts.