Which of the following is NOT a reason that nonprofits traditionally have lower salaries?
a. The culture of many nonprofits is one of sacrifice
b. donors expect revenues to go for services, not salaries
c. All nonprofits have small budgets
d. Nonprofit work is sometimes viewed as "women's work" and is historically underpaid
e. Scandals about extravagant salaries or outrageous perquisites at organizations such as the United Way or the Smithsonian Institution have put pressure on nonprofits to keep executive salaries low.
C
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The statement of cash flows classifies cash used for interest expense as
a. an operating activity b. an investing activity. c. a financing activity. d. an exchange activity. e. a funds usage activity.
Which of the following is not an element of a case brief?
a. Facts b. Analysis c. Issues d. Judicial history e. Precedent
Seo-yeon is beginning to wonder if she has made the right decision about purchasing a new HP laptop after she sees a friend with a new Dell. Seo-yeon's doubt whether she made the right decision occurs during the ___________ of the buying decision process.
A. cognitive dissonance phase B. purchase phase C. evaluation of alternatives phase D. information search phase E. postpurchase evaluation phase
The par or stated value of common stock is important for
A) accounting purposes only. B) helping the investor determine the stock's intrinsic value. C) helping the board of directors determine the dividend payout. D) helping the market determine the trading price of the stock.