A network of a broad range of physical objects that can automatically share data over the Internet is called ________.
Fill in the blank(s) with the appropriate word(s).
Answer: the Internet of Things
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What happens to the accounting equation when the adjustment that recognizes accrued interest revenue is recorded?
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Assets decrease and liabilities decrease. d. Stockholders' equity increases and decreases by the same amount.
The concept of reasonable assurance suggests that
a. the cost of an internal control should be less than the benefit it provides b. a well-designed system of internal controls will detect all fraudulent activity c. the objectives achieved by an internal control system vary depending on the data processing method d. the effectiveness of internal controls is a function of the industry environment
The local government's willingness to invest in upgrading infrastructure to the levels required by a company is an important issue in a company's decision of where to locate a new facility.
Answer the following statement true (T) or false (F)
The first thing you should do before calling a meeting is
A) formulate an agenda. B) determine who should attend. C) decide what you want to achieve. D) plan the schedule and location. E) designate someone to take minutes.