In the context of the history of American business, which of the following statements is true of the marketing era?
A. Skilled artisan workshops were replaced by huge factories.
B. Major businesses focused on refining the production process and creating greater efficiencies.
C. Large-scale entrepreneurs dominated the market and raised the standard of living across the country.
D. The balance of power shifted away from producers and toward customers.
Answer: D
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Which of the following is/are true concerning accumulated other comprehensive income?
a. Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income. b. Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income. c. Firms translate the reported results of their foreign operations from local currencies into U.S. dollars in order to prepare consolidated financial statements. d. Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense. e. all of the above
Identify the area of ethics that raises questions about justice, law, civic virtues, and political philosophy.
A. Social ethics B. Virtue ethics C. Existential ethics D. Stipulative ethics
Which of the following would indicate an improvement in a company's financial position, holding other things constant?
A. The inventory and total assets turnover ratios both decline. B. The total debt to total capital ratio increases. C. The profit margin declines. D. The times-interest-earned ratio declines. E. The current and quick ratios both increase.
A reasonable, lawful, and effective meaning will normally be given to all of a contract's terms.
Answer the following statement true (T) or false (F)