A four–step process is involved in recording each transaction and posting it to ledger. Which of the following is the second step in this process?
a. Posting transaction to the ledger
b. Recording transaction in the journal
c. Identifying debit/credit rules for accounts involved
d. Identifying the transaction affected by the transaction
c
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You should include a title fly with business reports when you want to
A) give the name of the company for which the report has been prepared. B) add a touch of formality to the report. C) protect the report from dirt and careless handling. D) provide a page for the reader to make notes on. E) make it easier for readers to get straight to the text of your report.
What is an advantage of a blueprint?
a. it contains the bottom line—right up front b. it helps your readers understand your document's structure c. it eliminates unnecessary white space d. all of the above
The "wheel of retailing" theory says that
A. retailers go through cycles from high costs and prices to lower costs and profits. B. new types of retailers enter as low-status, low-margin, low-price operators and eventually offer more services and charge higher prices. C. general stores will dominate U.S. retailing again in the next century. D. None of these answers is correct.
Which of the following is an example of a "first mover" success not always being valid?
A) Google B) eBay C) Yahoo! D) Staples