Scenario E: Greg is the finance manager of Magical Messages Corp. a communication and information technology corporation. His department is working on enforcing some financial controls on the organization. Greg assigns different tasks to his team members. Stacey's task is to give him a present financial picture of the company. Pete's task is to give him the values of various items the company owns. Julio's task is to give him a report on the amount the company owes to various creditors. Finally, Gretchen's task is to prepare a report on the amount accruing to the corporation's owners.On which of the following would Pete be working?
A. liabilities
B. balance sheet
C. assets
D. profit and loss statement
E. stockholders' equity
Answer: C
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Leigh is interested in reducing the level of prejudice and discrimination in her company. Which of the five behavioral sciences would help her change attitudes and improve the way her teams work together?
A. political science B. sociology C. social psychology D. anthropology
Which of the following gestures is accepted in all cultures?
A) "OK." B) "Thumbs up." C) "Thumbs down." D) None of the above.
Selling common stock for cash is recorded with a debit to common stock.
Answer the following statement true (T) or false (F)
Which of the following is typically the strategic impetus for forward vertical integration?
A) Being able to control the wholesale/retail portion of the industry value chain B) Having fewer disruptions in the delivery of the company's products to end users C) Gaining better access to end users and better market visibility D) Broadening the company's product line E) Allowing the firm access to greater economies of scale