Entrepreneurs create opportunity first from unmet needs or unsolved problems in the market and only then do they gather the resources to exploit that opportunity.
Answer the following statement true (T) or false (F)
True
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What is the term that describes allowing selected investors to purchase mutual funds after 4:00 p.m., using that day's net asset value (NAV), rather than the next day's NAV, as required under the law?
a. Forward pricing b. Late trading c. Backdating d. Circular trading
Internal information is almost always sufficient for making marketing decisions
Indicate whether the statement is true or false
A basic difference between the operations approach and the behavioral science approach is that the former is nonquantitative whereas the later is quantitative
Indicate whether the statement is true or false.
An oil well cost $1,832,500 and is calculated to hold 160,000 barrels of oil
There is no residual value. Which journal entry is needed to record the expense for the extraction of 37,000 barrels of oil during the year? All 37,000 barrels were sold ding the year. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) Cost of Goods Sold - Oil 423,650 Accumulated Depletion - Oil 423,650 B) Depletion Expense - Oil 423,650 Oil Revenue 423,650 C) Depletion Expense - Oil 423,650 Accumulated Depletion - Oil 423,650 D) Oil Reserve Inventory 423,650 Accumulated Depletion - Oil 423,650