The classification and normal balance of the supplies expense account is a(n)
A) asset with a debit balance
B) asset with a credit balance
C) expense with a debit balance
D) liability with a credit balance
C
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Which of the following is true of budgets?
A) Every budget must contain both revenues and expenses. B) Budgets reduce the comparability concept of accounting. C) The data in budgets are presented in dollars only; nonfinancial data should be excluded. D) Budgets are synonymous with managing an organization.
After studying the differences between groups and teams, Devon realizes that she and the people she works with every day fall somewhere between the two. She and her coworkers might be described as being ______.
a. semiautonomous b. self-directed c. management directed d. undirected
Which of the following statements about the 3-x-3 writing process is most accurate?
A) Experienced writers usually spend the most time on the third phase of the writing process. B) The steps of the writing process must always be followed in order. C) The 3-x-3 writing process is useful only for longer, more complex documents. D) The writer decides whether a document achieves its purpose in the first phase of the writing process.
Which of the following statements is true of globalization?
A. It does not allow employees to provide services although most economies have become very efficient at producing physical goods. B. It encourages the maintenance of the status quo. C. It occurs through cross-border partnerships. D. It does not create threats to anybody. E. It fails to involve smaller firms.