The capacity to build and protect competitive advantage rests on
A. knowledge assets and competencies.
B. police surveillance.
C. employee unions.
D. money.
Answer: A
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Assuming no measurement error, the reliability of an estimate of a population parameter can be assessed in terms of its standard error
Indicate whether the statement is true or false
The most conceptually appropriate method of valuing a liability under the historical cost basis is to
a. discount the amount of expected cash outflows that are necessary to liquidate the liability using the market rate of interest at the date the liability was initially incurred. b. discount the amount of expected cash outflows that are necessary to liquidate the liability using the market rate of interest at the date financial statements are prepared subsequent to issuance. c. record as a liability the amount of cash or cash-equivalent value that the company would be required to pay to eliminate the liability in the ordinary course of business on the date of the financial statements. d. record as a liability the amount of cash or cash-equivalent proceeds actually received when a liability was incurred.
Answer the following statements true (T) or false (F)
The asset-liability approach is arguably superior to a revenue-expense approach to defining accounting elements.
Which of the following is the correct journal entry for a return of goods that were purchased on account under the periodic inventory system?
A) Purchase Returns and Allowances XX Accounts Payable XX B) Accounts Payable XX Merchandise Inventory XX C) Accounts Payable XX Purchase Returns and Allowances XX D) Merchandise Inventory XX Accounts Payable XX