In the context of balance sheets, which of the following is a difference between liabilities and owners' equity?
A. Liabilities refer to the claims internal stakeholders have against the external stakeholders, whereas owners' equity refers to claims external stakeholders have against the internal stakeholders.
B. Liabilities indicate the claims outsiders have against the firm's assets, whereas owners' equity refers to the claims the owners have against their firm's assets.
C. Owners' equity indicates the claims internal stakeholders have against the firm's assets, whereas liabilities refer to the claims external stakeholders have against the firm's assets.
D. Owners' equity indicates the claims outsiders have against the firm's assets, whereas liabilities refer to the claims the owners have against their firm's assets.
Answer: B
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The amount of output that would be produced by an economy if resources were being utilized at a high rate that is sustainable in the long run is referred to as the
A. potential output. B. natural output. C. Walrasian output. D. partial-equilibrium output.
In a meeting with Katie, a human resources representative, Kofi threatened to call his lawyer and "sue the pants off" the employer for the egregious way in which his supervisor treated him
Katie asked Kofi what the problem was and whether he would be willing to talk further about why he felt so strongly so that perhaps a workable solution could be achieved. a. Both Kofi and Katie were pursuing a rights-based approach to resolving a conflict. b. Kofi was pursuing a rights-based approach to resolving a conflict, and Katie was pursuing an interest-based approach. b. Kofi was pursuing a power-based approach to resolving a conflict and Katie was pursuing a rights-based approach. c. Kofi was pursuing a power-based approach, and Katie was pursuing an interest-based approach.
Answer the following statement(s) true (T) or false (F)
1. A temporary group activity designed to produce a unique product, service, or result is referred to as a project. 2. Projects feature a defined beginning, but rarely have a well-defined end. 3. Projects are widely viewed as routine activities. 4. A work breakdown structure is a set of project task descriptions. 5. CPM, in a project management context, refers to the Critical Path Method.
Oceanside entered into a contract with the seller Old Tennessee, for the purchase of $6,431 worth of plants. The terms were sale and delivery C.O.D. with the express provision of "No Risk to Supplier," and a large logo at the top of papers stating:
"NOTICE: ALL SHIPMENTS TRAVEL AT RISK AND COST OF PURCHASER." The plants were shipped by an experienced truck common carrier. Upon arrival in New York, it appeared as though some plants were in a poor state because of excessive heat. Although the carrier on its own marked the bill of lading to indicate that the temperature in the truck should be 50 degrees, this was not done for at least a portion of the journey. Oceanside rejected the shipment by writing "rejected" on the back of the trucker's bill of lading. However, the plants were retained "on consignment" at Oceanside's premises. There were no other formal written rejections or official notices of breach or defects given by the buyer to seller at any point prior to trial. Discuss who has the risk of loss.