The economy of Sutanvia is under severe financial distress. However, over the last few months, the economy has gradually picked up, and employment levels are slowly rising back to normal levels. Consumers are also beginning to engage in regular buying activities. In this scenario, the economy of Sutanvia is currently in the _____ phase of its business cycle.

A. recovery
B. relapse
C. expansion
D. contraction


Answer: A

Business

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The first phase of cellular respiration is

A. the electron transport system. B. glycolysis. C. the citric acid cycle. D. the preparatory reaction. E. fermentation.

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

1. Canada and the United States are considered low-context cultures, according to Hofstede. 2. According to Hofstede, punctuality is less important in polychronic cultures than in monochronic cultures, and being late is a sign of status. 3. An advantage of learning the language when you are an international traveler is the avoidance of interpretational disasters. 4. A very firm handshake is the universal business greeting.

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Abbott Company purchased $6,500 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction?

A.

Inventory6,500 
Accounts Payable 6,500

B.
Accounts Payable6,500 
Inventory 6,500

C.
Cost of Goods Sold6,500 
Accounts Payable 6,500

D.
Accounts Payable6,500 
Purchases 6,500

Business

Every professional needs to cultivate a network of ____.

A. allies B. mentors C. guardian angels D. all of the above

Business