It is rare that managers of small businesses lack the management skills necessary to run their businesses.

Answer the following statement true (T) or false (F)


False

Business

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The current period earnings column of the payroll register only includes regular and overtime earnings

Indicate whether the statement is true or false

Business

Property pledged as collateral must be in the possession of the creditor

Indicate whether the statement is true or false

Business

The goal of a feasibility study is:

A. to assess if a business idea can be profitably brought to market. B. to create additional value for customers through great products or services. C. to assess how well a preliminary run of a business works and what problems it might have. D. to create outlets for employees to bring out new ideas.

Business

In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is

a. FIFO. b. average cost. c. LIFO. d. none of these.

Business