________ variables are added to constraints and represent unused resources

Fill in the blank with correct word.


Answer: Slack

Business

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Once the petty cash fund is established, an entry is made to Petty Cash each time the amount of the fund is changed

Indicate whether the statement is true or false

Business

The income statement shows the financial position of a business on a specific date.

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

Business

Bill Simon says, "We should get rid of the FASB and SEC since free market forces will make sure that companies report reliable information.". Do you agree? Why or why not?

Business

The National Labor Relations Board supervises all elections for union representation

Indicate whether the statement is true or false

Business