Which of the following is the group given the ultimate legal authority to change management?
a. Shareholders
b. Human resource managers
c. The mayor in the applicable jurisdiction
d. The city council in the applicable jurisdiction
a
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Unlike ROI, residual income is expressed in dollars
Indicate whether the statement is true or false
While delivering a presentation about the monastic traditions of 14th century England, you notice that about half of the faces in the room turn blank after you say the word erudite. You should ______.
a. continue with your presentation, because an attentive audience member should be able to figure out the meaning of the word from context b. continue with your presentation, because the meaning of any given word isn’t all that important c. continue with your presentation, because a definition would be boring to the people who do know what the word means d. back up and explain what the word means
Journal entries made at the end of the accounting period to bring the revenue and expense accounts, as well as the asset and liability accounts, up to date are called closing entries
Indicate whether the statement is true or false
Your assets minus your liabilities at any one time equals your ____________________.
Fill in the blank(s) with the appropriate word(s).