How can an entrepreneur generate legitimacy?
A. by avoiding constructive criticism
B. by being risk-averse
C. by removing standards established by credentialing associations
D. by maintaining the status quo
E. by visibly conforming to expectations created by governments
Answer: E
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Which ratio will increase in a liability fraud?
a. Accounts payable ÷ purchases b. Interest expense ÷ notes payable c. Total liabilities ÷ total assets d. Lease expense ÷ total fixed assets
Which of the following is a controversial recent trend in the focus-group service sector?
A) meals no longer being provided to focus group participants B) reduced incentives to participants C) entire industries no longer using focus groups D) focus groups declining in price E) ghostwriters filling in for focus group moderators during report writing
The entry to record a $750 sale with terms of 2/10, n/30 would include a(n)
a. decrease to Accounts Receivable for $750. b. increase to Sales for $750. c. increase to Sales Discounts for $15. d. decrease to Sales for $735.
With regard to a capital investment, net cash inflow is equal to the
a. cost savings resulting from the investment. b. sum of all future revenues from the investment. c. net increase in cash receipts over cash payments. d. net increase in cash payments over cash receipts.