The largest expense on a retailer's income statement is typically:
A. Income tax expense.
B. Cost of goods sold.
C. Depreciation expense.
D. Salaries.
Answer: B
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Ted is writing a business request for his boss and is worrying about whether he should send his message by hard copy or e-mail. Also, Ted is not sure when to send his request. Ted is worrying about the _________ of his message.
a. timing b. delivery c. purpose d. language
When determining appropriate dress for the workplace, what should the underlying goal of the style of dress be?
A) Earning a reputation for your skills, not for what you wear B) Appearing casual and approachable C) Conforming to others D) Changing the attitude of those who are not as stylish E) Impressing customers and managers with your awareness of trends in the industry
The cost principle relates most closely to the
A) recognition point. B) recognition issue. C) valuation issue. D) classification issue.
Owning shares of ten different stocks rather than two illustrates the concept of ________.
A) asset allocation
B) the risk return relationship
C) diversification
D) money market funds
E) prospecting