A business process need not relate to any information system, but an information system relates to at least one business process.
Indicate whether the statement is true or false.
Answer: True
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In vertical analysis of the balance sheet, liabilities and stockholders' equity are shown as a percentage of an amount equal to total assets
Indicate whether the statement is true or false
On September 1 of the current year, Scots Company experienced a flood that destroyed the company's entire inventory. Because the company had not completed its month end reporting for August, it must estimate the amount of inventory lost using the gross profit method. At the beginning of August, the company reported beginning inventory of $215,450. Inventory purchased during August was $192,530. Sales for the month of August were $542,500. Assuming the company's typical gross profit ratio is 40%, estimate the amount of inventory destroyed in the flood.
A. $87,480 B. $134,520 C. $109,980 D. $81,480 E. $82,480
Which of the following is true about employees working in the same company but in different locations?
A. Their behaviors may differ within and across countries. B. Their behaviors will be mostly the same, regardless of their location. C. Their behaviors at work are not important. D. Their behaviors will have little to do with their locations. E. Their behaviors will be the same among employees within the same country but may differ among employees in different countries.
The title to land is:
a. a covenant running with the land b. a right to use some land some time, for a limited purpose c. non-transferable d. the government's right to restrict use of privately held land e. none of the other choices