All else equal, when a firm purchases raw materials on credit from its supplier, which of the following accounts is affected?

A. Accruals
B. Cash
C. Accounts payable
D. Accounts receivable
E. Notes payable


Answer: C

Business

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Rhonda was the owner of the company. She often hired family members to work the business and gave them special privileges like extra time off and higher pay. Rhonda failed to meet which challenge of leadership?

A. challenge of consistency B. challenge of privilege C. challenge of information management D. challenge of responsibility

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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is designed to prevent fraud and other abuses associated with private pension funds

Indicate whether the statement is true or false

Business

Take action and remember that in most cases, it is better to hold out for a perfect solution later, rather than to implement a good solution now.

Answer the following statement true (T) or false (F)

Business

Everyone in the Tagi tribe agreed to vote out Gervasse at the next tribal council. Their 39-day project to make it to the final four together was two steps away from completion. This project group is in the:

A) Storming stage of group development. B) Performing stage of group development. C) Forming stage of group development. D) Norming stage of group development.

Business