The state governments retain all powers not specifically delegated to the federal government.

Answer the following statement true (T) or false (F)


True

Business

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The first stage in Lewin’s change model is ______, which requires explaining the rationale for change, breaking down the status quo, challenging existing beliefs, and understanding how starting a new path is essential for the company’s survival.

What will be an ideal response?

Business

For external reporting purposes, product costs must be classified into only three categories

Indicate whether the statement is true or false

Business

Emily had an excellent year as a salesperson in 2011, earning $97,000. She paid $37,000 for necessities such as mortgage, food, and clothing. Her state and federal income taxes totaled $24,000. What was her discretionary income?

A. $60,000 B. $36,000 C. $73,000 D. $97,000 E. There is not enough data provided to calculate her discretionary income.

Business

Some promises are not legally binding.

Answer the following statement true (T) or false (F)

Business