For federal tax purposes, gross income from the sale of tangible goods is reduced by the seller's cost of goods sold.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true about the challenges of ethical followership in organizations?
A. Followers are not responsible for making ethical decisions in organizations. B. Followers do not have the same power and status as leaders, thus face different ethical challenges. C. Followers and leaders face the same ethical challenges in organizations. D. Followers face ethical challenges that are less important than challenges faced by leaders.
What is the responsibility of the International Accounting Standards Board?
A. IASB promotes uniform accounting standards among different countries. B. IASB settles accounting disputes between auditors and international companies. C. IASB issues standards which regulate the financial accounting and reporting of multinational corporations and then enforces them through legal channels. D. IASB is to develop a uniform currency in which the financial transactions would be measured.
Beta Inc. manufactures electronic gadgets. The market researchers at Beta have discovered that a new competitor is gaining more customers by selling its products at lower prices
In the context of SWOT analysis, the marketers at Beta Inc. are most likely to consider this situation as a(n)__________. Fill in the blanks with correct word.
Which of the following statements about gross domestic product (GDP) and gross national income (GNI) is true?
A. Both GDP and GNI are widely used measures of national income. B. GDP includes foreign income earned in a country, but GNI does not. C. GDP income measures can give the impression that people in less-developed nations have more income than they really do. D. GDP and GNI are highest in the more developed industrial nations. E. All these answers are correct.