What is the basic business system that serves the operational level and assists in making structured decisions?
A. OLAP
B. DSS
C. OLTP
D. TPS
Answer: D
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Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000, respectively. They share income and losses in the ratio of 3:2:1 . Income Summary with a debit balance of $30,000 is closed to the capital accounts. Doug withdraws from the partnership. How much cash does he get upon withdrawal?
a. $30,000 b. $20,000 c. $40,000 d. $24,000
Under the cost principle, assets are always carried at their original cost or historical cost
a. True b. False Indicate whether the statement is true or false
Liability in which a person cannot be held contractually liable on a negotiable instrument unless his or her signature appears on the instrument is referred to as ________
A) warranty liability B) unqualified liability C) contract liability D) accommodation
Microsoft's Windows operating system continues to dominate the market, even though it has been around for over 20 years. Windows will likely remain in the maturity stage of the product life cycle
A. as long as the company doesn't change it. B. until a superior product comes along to replace it. C. indefinitely. D. unless Microsoft repositions it as a growth product. E. unless Microsoft repositions it as an introductory stage product.