An Internet consulting company uses its website to allow its corporate clients to obtain information, analyze data, and ask questions. This consulting company is using a ____ model.
A. B2C
B. C2C
C. B2B
D. C2B
E. consulting
Answer: C
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Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases
a. a liability. b. an asset. c. an expense. d. a stockholders' equity account.
Both U.S. GAAP and IFRS require the presentation of an income statement and the presentation of the items of Other Comprehensive Income. U.S. GAAP permits the following reporting format(s) except for:
a. a single statement of comprehensive income that shows all the changes in net assets except from transactions with owners. b. a two-statement presentation that includes an income statement and a separate statement of comprehensive income. c. a separate display of the items comprising Other Comprehensive Income within a statement of changes in shareholders' equity. d. a separate display of the items comprising Other Comprehensive Income within a statement of retained earnings. e. All of the above are acceptable reporting formats.
Due to a recession, Lauren was laid off by her organization. To avoid having Lauren and other laid-off workers stop spending money and thus deepen the recession, __________ will help them maintain some income.
A. Social Security B. Medicare C. unemployment insurance D. worker’s compensation E. leave pay
Typically, which generation was born between the 1960s and 1980s, lived at times of high levels of unemployment and economic recession, and can be somewhat cynical?
a. Generation Y b. Baby Boomers c. Generation X d. Naughties