Identify the account below that is classified as a liability in a company's chart of accounts:
A. Salaries Expense
B. Supplies
C. Unearned Revenue
D. Accounts Receivable
E. Cash
Answer: C
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Indicate whether the statement is true or false
Economic values are important, ______.
a. and should be predominant b. but leaders should not be concerned with profits and controlling costs c. but should not be predominant d. and are associated with the most positive financial outcomes
Teams work best when individuals have:
a. strong individual skills and strong organizational skills b. strong team skills c. strong organizational skills and strong team skills d. strong individual skills and strong team skills
Which of the following is a mitigation strategy for market risk?
a. using multiple suppliers and suppliers that have the flexibility to respond to demand changes b. using approaches such as hedging, forward contracts, quantity discounts, or postponing decisions to counter volatility in market prices c. identifying and selecting suppliers to minimize disruptions in production d. choosing the right sourcing strategy upfront using reliable market intelligence