Personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company success are fostered by a company's ________.
A. patronage concentration
B. competitive dynamics
C. social and political context
D. core culture and values
E. competitive heterogeneity
Answer: D
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A smart fraudster usually manipulates which financial record in order to better avoid an audit trail?
a. Income statement. b. Balance sheet. c. Statement of cash flows. d. Statement of retained earnings.
Thomas and Emma are married, file a joint return, and have three qualifying children. Their AGI was $21,000. What is their EIC?
A. $6,431. B. $0. C. $5,716. D. $3,461.
Assume a corporation underestimated its income tax liability for the year by $4,000 . What, if any, end-of-period adjustment is required?
a. The adjusting entry contains a debit to Income Tax Expense for $4,000, and a credit to Cash for $4,000. b. The adjusting entry contains a debit to Income Tax Payable for $4,000, and a credit to Income Tax Expense for $4,000. c. The adjusting entry contains a debit to Income Tax Expense for $4,000, and a credit to Income Tax Payable for $4,000. d. The adjusting entry contains a debit to Accounts Payable for $4,000, and a credit to Cash for $4,000. e. No adjustment is required.
Which of the following motivations for business growth involves principal-agent problems?
A. motivating managers B. increasing profits C. increasing market power D. reducing risk