Who is most likely the author of the following quote? “It is salutary to ask about any organization, ‘If it did not exist, would we invent it?’ ‘Only if it could do something better or more useful than anyone else’ would have to be the answer, and profit would be the means to that larger end.”
a. Charles Handy
b. Milton Friedman
c. Barack Obama
d. Congressional Banking Oversight Committee
Ans: A
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The doctrine of contributory negligence is followed in most states
Indicate whether the statement is true or false
Many states require agencies that will exist for ______ to be established in writing
a. more than one year b. less than one year c. less than five years d. more than six months e. none of the other choices are correct
The assets listed below of a foreign subsidiary have been converted to U.S. dollars at both current and historical exchange rates. Assuming that the recording currency of the foreign subsidiary is the functional currency, what total amount should appear for these assets on the U.S. company's consolidated balance sheet?AssetHistorical RatesCurrent RatePrepaid Insurance $60,000 $48,000 Buildings (Net) 480,000 240,000 Inventories, at Cost 300,000 288,000 Investments, at Cost 120,000 60,000 Total $960,000 $636,000
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