The federal government may prevent a company from adding products through acquisitions if acquisition threatens to lessen competition
Indicate whether the statement is true or false
TRUE
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Someone at a team meeting who says, "Let's hear from those who oppose this plan" is performing a ______ role.
A. maintenance B. social C. coordinator D. reorientation E. task
The assets of a business may consist of a number of items, such as
a. accounts payable; b. cash; c. delivery fees; d. drawing; e. none of these
Start-up and organization costs should be expensed as incurred
Indicate whether the statement is true or false
If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect their bottom line?
A) No change to net income. B) Net income will be overstated C) Net income will be understated. D) Only gross profit will be affected.