Answer the following statement(s) true (T) or false (F)
Entrepreneurs with new ventures often use debt financing out of choice, not necessity.
ANSWER: False
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What is true about a transfer?
A. It occurs when an employee is given less responsibility and authority. B. A transfer essentially increases compensation. C. It is an assignment of an employee to a position in a different area of the company, usually in a lateral move. D. It typically involves a full-time temporary position at another organization. E. A transfer fundamentally increases job responsibilities.
A franchisee subject to wrongful termination can only recover damages, and not the franchise
Indicate whether the statement is true or false
The European Union Emissions Trading System works on what principle?
A) Thatcher's Theory of the Commons B) pollute-and-pay C) socialism D) cap-and-trade E) tax the richer companies more to pay for pollution control
Which of the following formats is typically used in year-to-date income statements prepared for internal use under a responsibility accounting system?
A. Sales - Cost of Goods Sold = Gross Margin; Gross Margin - Operating Expenses = Net Income B. Sales - Variable Costs = Contribution Margin; Contribution Margin - Fixed Costs = Net Income C. Sales - Manufacturing Costs = Manufacturing Margin; Manufacturing Margin - Selling and Administrative Costs = Net Income D. None of these answers are correct.