The term balance sheet is used because the following accounting identity must always hold:
A) Assets ? Liabilities - Owners' Equity.
B) Assets ? Liabilities + Owners' Equity.
C) Liabilities ? Assets + Owners' Equity.
D) Owners' Equity ? Liabilities + Assets.
Answer: B
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The difference between a department's gross profit and its operating expenses is known as the
a. departmental gross profit. b. departmental operating income. c. departmental operating expenses. d. departmental direct operating margin.
For global brand ranking purposes, Interbrand has defined global brands as brands selling at least ________ outside of their home country
A) 5% B) 10% C) 20% D) 50%
A mutual fund manager must decide how much money to invest in Atlantic Oil (A) and how much to invest in Pacific Oil (P). At least 60% of the money invested in the two oil companies must be in Pacific Oil. A correct modeling of this constraint is a. 0.4A + 0.6P > 0
b. -0.4A + 0.6P > 0. c. 0.6A + 0.4P > 0. d. -0.6A + 0.4P > 0.
In the context of knowledge management, which of the following tasks is performed by the chief knowledge officer (CKO) in an organization?
A) Ensuring that key knowledge resources are properly collected, stored, and disseminated among the consumers B) Ensuring that the organization profits from knowledge resources C) Focusing on gaining and leveraging a keen understanding of consumers D) Identifying groups of people based on common interests and recommending products or services