Which of the following is a difference between credit unions and commercial banks?
A. Unlike commercial banks, credit unions are not-for-profit organizations.
B. Unlike credit unions, commercial banks are nondepository organizations.
C. Unlike credit unions, commercial banks are owned by their depositors.
D. Unlike commercial banks, credit unions charge very high interest rates on loans.
Answer: A
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When a company uses the perpetual inventory method, which of the following would be the entry to adjust inventory to lower-of-cost-or-market?
A) debit Loss on Inventory and credit Merchandise Inventory B) debit Merchandise Inventory and credit Inventory Adjustment C) debit Cost of Goods Sold and credit Merchandise Inventory D) debit Merchandise Inventory and credit Cost of Goods Sold
The advantages of financial leverage accrue primarily to
A) management. B) stockholders. C) the government. D) creditors.
Internal factors affecting consumer choices include personal characteristics and psychological attributes.
Answer the following statement true (T) or false (F)
Indirect benefits are difficult to quantify because
a. their occurrence may be less certain b. indirect revenue enhancements result from direct benefits c. their dollar value cannot be determined d. the HRIS does not contain the necessary data