The sales of the Apple watch increased when customers were informed about various functions of the watch. This change in sales reflects which of the following characteristics of innovation?
A) relative advantage
B) communicability
C) compatibility
D) complexity
E) divisibility
B
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If an auditee is not considered low-risk, what percent of federal funds expended are auditors required to express an opinion on?
A. 25%. B. 70%. C. 50%. D. 100%.
Profit margin equals
a. income divided by sales. b. incomes divided by average inventory. c. income divided by average assets. d. income divided by average stockholder's equity.
Riley Company borrowed $50,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 7% annual interest rate. Riley earned cash revenues of $1160 during Year 1 and $1800 during Year 2. Assume no other transactions.Based on this information alone, what is the amount of net income (loss) that will be reported on the Year 2 income statement?
A. $925 B. $(50) C. $2675 D. $875
Whilst traditional career success is typically associated with the attainment of ever-greater status and responsibility, the new career is associate with which of the following:
a. psychological success b. monetary reward c. accumulation of power d. stability of employment