All contracts must be in writing to be enforceable

Indicate whether the statement is true or false


False

Business

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___________describes a form used by the accountant to reconcile the balance shown on the bank statement for a particular account with the balance shown in the accounting records

Fill in the blank(s) with correct word

Business

What are the three primary functions performed by the transaction processing system?

Business

What is the division's asset turnover ratio?

Assume the Electronics Division of ABC Electronics had the following data from last year: Net sales $ 100,000 Operating income $30,000 Average total assets 150,000 Management's target rate of return 15%

Business

As a result of the Bhopal incident, in which a toxic gas leak killed thousands of people, leading officials at Union Carbide have dedicated themselves to operating their business ethically. Ways in which the company can encourage ethical behavior include all of the following except

A. formalizing a corporate code of ethics. B. encouraging whistle-blowing. C. holding ethics training sessions. D. requiring that ethical behavior be profitable. E. promoting open decision making.

Business