Answer the following statement(s) true (T) or false (F)
Understanding the entrepreneur is only part of understanding the entrepreneurial process.
ANSWER: True
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A company's weekly payroll amounts to $50,000 and payday for the week is every Friday. Employees work five days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2014 . What amount is wages expense for April for the payday, Friday, April, 4, 2014?
a. $ -0- b. $40,000 c. $10,000 d. $50,000
A watch manufacturer added a watch to its product line that was higher priced than the models it already carried. The company used a two-way stretch strategy
Indicate whether the statement is true or false
Which of the following is not one of Adam Smith's canons of taxation?
A. certainty B. economic stimulation C. convenience D. equity
Lori and her friends burn an American flag as an act of political protest. Lori is arrested for violating a state law that prohibits flag burning. The Supreme Court has ruled that laws making it illegal to burn an American flag
A. are void because they deny a person due process rights. B. are void because a state court has no power to prosecute a person for burning the federal flag. C. are void because they violate a person's right to freedom of speech. D. are valid.