Unearned revenues are recorded by companies that
a. receive money in advance of the performance of a service.
b. pay money at the time the performance of a service is complete.
c. receive money at the time the performance of a service is complete.
d. pay money in advance of the performance of a service.
A
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Faisal is something of a cheerleader around his team. He describes the great things he knows the group can accomplish, is quick to compliment the work of his staff, and is enthusiastic about their successes. According to revised path-goal theory, Faisal is using a(n) ______ leadership style.
A. value-based B. path-goal clarifying C. interaction facilitation D. achievement-oriented E. relationship-oriented
Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:
A. Prenumbered inventory tickets. B. Counters confirm the validity of inventory existence, amounts, and quality. C. Second counts by a different counter. D. Counters of inventory should be those who are responsible for the inventory. E. A manager confirms that all inventories are ticketed only once.
Which of the following does NOT violate the Foreign Corrupt Practices Act?
a. a U.S. company bribes a government official in order to influence a governmental decision. b. A publicly traded company that does not engage in international trade refuses to allow its company records to be inspected by U.S. officials. c. A U.S. company promises to pay a bribe to a foreign company, but is unsuccessful in gaining any benefits from that company. d. A company allows a grease or facilitating payment for a routine governmental action.
George decided to open a health club. His girlfriend Lydia, a marketing manager at a small company, tried to convince him to do some marketing research, but he said, "I know what I don't like about health clubs; that's all the information I need. Besides, I can't afford an expensive research project." He opened the club in a shopping center about 15 miles from his home. Six months later, his club had very few members and he was running out of cash. List some key types of primary and secondary data George could have collected before opening his club that might have helped him be more successful, keeping in mind his limited budget.
What will be an ideal response?