The involvement of citizens and stakeholders is of great importance in public decision making. Which of these democratic ideals are required in the decision making process?
A) Openness, transparency, and majority rule
B) Inclusiveness, transparency, and unanimity
C) Transparency, inclusiveness, and openness
D) Equality, transparency, and inclusiveness
C) Transparency, inclusiveness, and openness
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Seldom used accounts are entered in the General Debit column and the General Credit column of a special journal
a. True b. False Indicate whether the statement is true or false
Businesses are all very concerned with the bottom line. The bottom line is:
a. assets = liabilities + owners’ equity b. total income c. owners’ equity divided by total expenses d. total revenues – total expenses e. all assets of the company
In general, the cash flow from operating activities is considered by many to be the most important component of the statement of cash flows.
Answer the following statement true (T) or false (F)
A bond will trade at a discount if its coupon rate is less than its yield to maturity
Indicate whether this statement is true or false.