In determining cash flows from operations, which method starts with net income, then add noncash expenses and subtracts noncash revenues?
a. direct method
b. fixed method
c. indirect method
d. funds flow method
e. variable method
C
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Which theory emphasizes the role of technology in determining the trade patterns of manufactured products?
a. factor-endowment theory b. theory of comparative advantage c. product life cycle theory d. theory of overlapping demands
Most regulated utilities have very high receivables
Indicate whether the statement is true or false
Which of the following phenomena would be most likely to occur if the project team did NOT have clear and commonly understood project goals?
A) The motivation level of team members would increase. B) Conflict among team members would increase. C) The level of trust among team members would increase. D) The interdependency among team members would increase.
Maia wrote a check which said, "Pay to the order of Kevin Mathews $10.97." The next line of the check stated, "One thousand ninety-seven Dollars." In applying the rules of interpretation, how much should the drawee pay?
A)Nothing; when the instrument is ambiguous it is declared non-negotiable. B)Ten dollars and 97 cents. Numbers control over words. C)One thousand, ninety-seven dollars or $1,097.00. Words control over numbers. D)Parol evidence would be needed to determine the purpose of the check.