One of the most effective ways entrepreneurs have of creating opportunity is to identify a problem in a market and seek a solution.
Answer the following statement true (T) or false (F)
True
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Which of the following is a true statement?
a. Lifestyle changes are often the easiest fraud symptoms to detect. b. Lifestyle changes are helpful in detecting fraud on behalf of a corporation. c. Fraud is indicated when an employee sells a large number of shares of stock he/she owns. d. Evidence of an employee paying off large debt can be verified, but it is costly to do so.
Lee Carter Inc forecast of sales is as follows: July, $50,000; August, $80,000; September, $150,000. Sales are normally 75 percent cash and 25 percent credit. Credit sales are collected in full in the following month. Merchandise cost averages 70 percent of sales price. The company desires an inventory as of September 30 of $50,000. The inventory as of June 30 was $30,000. The accounts receivable
had zero balance on June 30. The July 31 balance of accounts receivable of Lee Carter will be A) $12,500. B) $20,000. C) $27,500. D) $42,500.
U.S. GAAP view investments of less than 20 percent of the voting stock of another company as
a. minority, passive investments. b. minority, active investments. c. majority, passive investments. d. majority, active investments. e. a controlled entity.
Common resources such as managerial talent are not generally:
a. transferable. b. a source of competitive advantage. c. valuable. d. important. e. core competencies.