The personal needs of the retailer during the early, unprofitable stage of business are paid through _____
a. a bank credit plan
b. life insurance loans
c. personal savings
d. a personal drawing account
d
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Measurement of the economic effects on an entity involves each of the following except
a. Quantification of effects b. Identification of the attribute to be measured c. Selection of an appropriate unit of measure d. Recording the economic effects in the financial statements
List the different approaches to paying expatriates.
What will be an ideal response?
The backbone of the process of identifying, studying, and implementing best practices is
A. benchmarking. B. the innovative application of TQM techniques. C. a corporate culture that has a core value of operating excellence. D. Six Sigma quality control techniques. E. business process reengineering.
Prepaid accounts (also called prepaid expenses) are generally:
A. Promises of payments by customers. B. Decreases in equity. C. Assets from prepayments of future expenses. D. Payments made for products and services that never expire. E. Classified as liabilities on the balance sheet.