Adoption of the Internet and cell phones is having its greatest impact in developing countries.
Answer the following statement true (T) or false (F)
True
Adoption of cell phone and Internet usage varies across the globe. While penetration is still low in many of the poorest nations, those countries are experiencing very fast adoption rates.
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Discretionary responsibilities are voluntary obligations a corporation assumes
Indicate whether the statement is true or false.
The amount of federal income taxes withheld from an employee's gross pay is recorded as a:
A) payroll expense. B) contra account. C) current asset. D) current liability.
Inventory is considered a source of funds because of the revenue it brings in.
Answer the following statement true (T) or false (F)
Orly's debts are discharged in a liquidation bankruptcy. Pester & Recover, Inc., buys the discharged debt obligations. With respect to these debts, Pester
A. can do nothing. B. can pressure Orly into paying them. C. must give Orly additional help to rebuild her life after the discharge. D. must report the debts to credit reporting agencies as "discharged."