Which of the following best describes one effect of recognizing expenses incurred by a business entity?
A) Assets will increase
B) Liabilities will decrease
C) Contributed capital will decrease
D) Retained earnings will decrease
D
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The menu at Chipotle Mexican Grill is:
A) primarily gourmet food prepared by some for the best Mexican chefs B) relatively simple, with a series of options for each menu item C) primarily organic foods D) all cooked with chipotles
A major function of management is to provide the accountant with relevant and useful information
Indicate whether the statement is true or false
Jamie owns a small sporting goods store. He has decided to aggressively pursue a policy to make sure employees feel a sense of equity in his store. What result is Jamie most likely going to see as a result of his push for equity?
A. the elimination of merit-based compensation plans B. greater commitment from his employees C. huge improvement in employee task performance D. fewer citizenship behaviors from his employees E. a slight increase in counterproductive employee behavior
Which of the following is true of a limited liability partnership?
A. It does not protect individual partners from personal liability for the negligent acts of other partners. B. States that recognize limited liability partnerships sometimes limit them to organizations that provide a professional service for which each partner is licensed. C. In a limited liability partnership, partners do not report their profits and losses on their personal tax returns. D. It is the most common type of industry for agriculture, or family farms.