"Revenues" are best described as:
A) decreases in resources resulting from the purchase of goods for the provision of services.
B) increases in resources resulting from the sale of goods or the provision of services.
C) assets used or consumed in the sale of products or services.
D) an increase in the financing activities section of the statement of cash flows.
B
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A firm gains bargaining power with a supplier when the firm has many competitors.
Answer the following statement true (T) or false (F)
Which of the following is an advantage of sole proprietorship?
A) The owner's personal liability for all assets is the least. B) The proprietor does not have to worry about day-to-day management decisions. C) The proprietorship is subject to less government regulation at all levels. D) The lifetime of such an organization is unlimited.
If a Middle Eastern culture and the American culture differ as to the morality of a particular action, under ethical relativism:
a. both cultures are correct. b. the action should be assessed to determine whether the action produces more net pleasure compared with net pain. c. a cost-benefit analysis should be conducted to determine the relative economic efficiency of the action. d. the action should be viewed through a "veil of ignorance" to determine whether it is ethical.
__________ is telecommunications equipment that is located on the customer's
physical location rather than on the provider's premises or in between. A. CPE B. ISP C. CO D. IXP