The three basic accounting elements—assets, liabilities, and owner's equity—exist for every business
Indicate whether the statement is true or false
T
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Which of the following types of compensation usually rewards the best performers?
A) straight commission B) straight salary C) trade allowance D) market development fund
Companies such as Razorfish, DoubleClick, and Engage Software use _____ to collect consumer data.
A. riskware B. malware C. middleware D. spyware
Which aspect of ethical climate is typified by the statement, “each person in this company decides for themselves what is right and wrong”?
A. caring B. instrumental C. independence D. rules
Kathleen filed for voluntary bankruptcy and the automatic stay went into effect. The automatic stay
a. acts to automatically discharge Kathleen's debts. b. prohibits creditors from collecting debts against Kathleen that arose before she filed bankruptcy. c. stops only secured creditors from taking any act to collect, assess, or recover a claim against Kathleen that arose before she filed bankruptcy. d. stops creditors from trying to collect from Kathleen, but it does not stop them from filing lawsuits against her.