The current ratio measures a company's ________
A) overall ability to pay liabilities
B) ability to pay current liabilities with current assets
C) proportion of assets that are financed by debt
D) rate of cash flow
B
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In selecting a vendor, a buyer may need to obtain competitive bids by means of a document called a purchase order
Indicate whether the statement is true or false
Nathan is the CEO of an organization that is located all over the United States. Because there are different needs across the United States, he has grouped his employees in regions: East Coast, Central, and West Coast. He realizes that he is duplicating a few tasks within the organization, such as accounting and human resources, but it is the best structure for him at this time. Nathan is using which type of organizational structure?
A. divisional B. dimple C. matrix D. functional
Respect for authority is known as ______.
A. power distance B. collectivism C. groupthink D. degree of determinism
A disclaimer that protects an accountant from liability for inaccurate reporting of certain specified financial information will be held valid if the accountant had no means of examining the information
Indicate whether the statement is true or false