Most of the world's businesses are ________ businesses.
A. small
B. medium-sized
C. large
D. family-owned
Answer: A
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Profits or losses incurred by an organization are represented in its
A. income statement. B. expense budget. C. ratio analysis. D. capital expenditures budget. E. balance sheet.
Developing social capital is risky for an organization because social capital is specific to individuals and remains with the employee if he or she leaves the organization.
Answer the following statement true (T) or false (F)
In a(n) ________ market structure, there are several sellers, each having slightly different products with unique customer benefits
A) monopoly B) oligopoly C) monopolistic competition D) pure competition E) natural competition
Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.