Transportation-in is
a. part of cost of goods purchased.
b. an operating expense.
c. added to transportation-out as part of the calculation of cost of goods sold.
d. part of purchases.
a
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Select the account below that normally has a credit balance.
A. Sales Salaries Expense. B. Dividends. C. Office Equipment. D. Wages Payable. E. Cash.
Which force for change can be described as when an employee suggests something innovative, the organization must consider the best way of implementing the idea, which may mean allocating more resources, putting more people to work on the initiative, or coming up with different branding in the case of a new product?
a. Organizational restructuring b. Management changes c. Customers changing preferences d. Intrapreneurship
Jennifer works for Macy's in Chicago. Because Jennifer buys some of her clothing at the store, she is classified as an internal customer
Indicate whether the statement is true or false.
Which of the following statements is NOT true regarding the advantages and disadvantages of a sole proprietorship?
a. A sole proprietorship can be created without formal agreements or state filings. b. The proprietor reports income from the business on a personal tax return. c. The proprietor alone bears liability for the losses. d. It is usually easy for sole proprietorships to raise capital.