Xavier believed his labor was only making others rich while he struggled from paycheck to paycheck. He started his own small business and now labors only for himself. Xavier's motivation is:
A. personal fulfillment.
B. personal satisfaction.
C. independence.
D. financial rewards.
Answer: D
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When a firm constructs its own buildings or equipment:
a. it recognizes the labor, material, and overhead costs incurred as an asset. b. U.S. GAAP and IFRS require firms to include, or capitalize, interest costs during construction in the cost of a self-constructed asset. c. it recognizes the labor, material, and overhead costs incurred as a period expense. d. U.S. GAAP and IFRS require firms to expense interest costs incurred during construction of a self-constructed asset. e. both choices a and b are correct.
Rentokil Initial has developed an extensive product range that includes all of the following EXCEPT _________
a. package delivery b. interior plants landscaping c. uniform rental and cleaning d. washroom attendant service e. mobile paper shredding service
What has led to the major changes in recent decades as a result of the internalization of capital markets?
a. The process through which people/companies acquire wealth b. The valuation of international currencies c. The accessibility of financial credit lines d. Increase in fair trade agreements
Judge-made law is termed:
a. a statute. b. an ordinance. c. at-will law. d. common law.