The term that refers to the way a corporation is internally and managed to meet both its internal and external responsibilities is called
A) auditors liability
B) directors liability
C) shareholders agreement
D) corporate governance
E) corporate organization
D
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A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. What entry is required in the company's accounts?
A) debit Accounts Payable; credit Cash B) debit Cash; credit Accounts Receivable C) debit Cash; credit Accounts Payable D) debit Accounts Receivable; credit Cash
In what year did the Joe Camel character “die”?
a. 1987 b. 1997 c. 2011 d. 2012
The one factor that company executives need not worry about when their company is managing many diverse, unrelated firms is to
A. know what to do if a business unit stumbles. B. understand the true value of strategic investment proposals by business-unit managers. C. pick business-unit heads having the requisite combination of managerial skills and know-how to motivate people. D. "manage by the numbers"-that is, keep a close track on the financial and operating results of each subsidiary. E. stay abreast of what's happening in each industry and subsidiary.
Fanny buys clay to throw pottery, which is glazed and fired in a kiln. The finished products are sold to Gifte Shoppe, which sells these items and others to customers who often present them as gifts. The most common way to acquire personal property is to
A. buy it. B. commingle it. C. produce it. D. receive it as a gift.