List the different ways financial statements are used by an entrepreneurial firm.
What will be an ideal response?
A. Helps measure the health of the business
B. Can compare performance vs self, peers
C. Used to raise capital from investors
D. Projections
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BoTeck is a full-service technology company. It provides equipment, installation services, and training services. Customers can purchase any product or service separately or as a bundled package. On May 3, Box-Rite Corporation purchased computer equipment, installation, and training for a total cost of $120,000. Estimated stand-alone fair values of the equipment, installation, and training are
$75,000, $50,000, and $25,000 respectively. The transaction price allocated to equipment, installation and training is A) $75,000, $50,000, and $25,000 respectively. B) $60,000, $40,000 and $20,000 respectively. C) $40,000, $40,000, and $40,000 respectively. D) $120,000 for the entire bundle.
A person charged with a crime in the United States is presumed guilty until proven innocent.
Answer the following statement true (T) or false (F)
Which of the following statements about organizational culture is true?
A. Organizations tend to have one dominant type of culture. B. An organization with a focus on its external environment pays most attention to its employees. C. A specific organization can have characteristics of only one type of culture. D. The CVF model categorizes organizations into six types of culture. E. While the CVF is an interesting approach, it has no research support.
Suppose the number of babies born each hour at a hospital follows a Poisson
distribution with a mean of 3. Find the probability that exactly six babies are born during a randomly selected hour. What will be an ideal response?