The largest companies in the United States are primarily organized as
a. limited partnerships.
b. partnerships.
c. corporations.
d. proprietorships.
Ans: c. corporations.
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Profitability measures focus on relationships between key income statement and balance sheet accounts
a. True b. False Indicate whether the statement is true or false
In Thailand, people are more likely to value the welfare of the group over that of any particular individual and suspend personal values and judgment for the sake of the “greater good.” This is an example of which of Hofstede’s dimensions?
A. long-term orientation B. low power distance C. collectivist culture D. high uncertainty avoidance
There are four closing entries. The first one is to close ____, the second one is to close ____, the third one is to close ____, and the last one is to close ____
A) Revenues, expenses, income summary, drawing account B) Expenses, assets, income summary, capital account C) Capital account, drawing account, income summary, assets D) Drawing account, income summary, expenses, revenues
Unbranded, no-frills goods are classified as _____
a. generics b. private brands c. manufacturer brands d. scrambled merchandising