Understanding the status and trends of an industry can be aided by ________.
A. checking out the internet public library, your local Small Business Administration, chamber of commerce, or local business school or college library
B. looking for recent articles on the industry in magazines or by using Google or other
search engines
C. looking on competitors' web sites
D. All of these.
Answer: D
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Materials and direct labor flow into which of the following accounts?
a. finished goods b. work in process c. cost of goods sold d. operating expenses
Answer the following statements true (T) or false (F)
The European Union has extended consolidation accounting to firms within its member states under a very wide group of circumstances where one firm has substantive control over one or more other firms.
The most common ethical issue in new-product development involves the Federal Trade Commission's definition of the term ________.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is FALSE?
A) When the parties to a contract have done everything that they promise to do, the contract is discharged. B) If the performance of a contract is made impossible through no fault of either of the parties, the contract is said to be frustrated. C) Frustration excuses the parties from performance of the contract. D) Force majeure and an "act of God" are synonymous. E) Natural disasters can render it impossible to complete a contract, but it is not a breach of contract