Total expenses reported on the income statement are $45,000, while revenues for the same period are $46,000 . Which statement below is correct?

a. There is a net income of $46,000.
b. There is a net income of $1,000.
c. There is no net income or loss.
d. There is a net loss of $1,000.
e. There is a net loss of $45,000.


b

Business

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A company's organizational culture:

A) can be described as a company's self-identity or shared mind-set. B) is shaped by its shared sense of vision, values, heroes, rites, and rituals. C) arises from such things as how its people dress, behave. D) All of the above.

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After his home was burglarized, Rich became concerned about the safety of his wife and three children since he often traveled out-of-town on business. To prevent further burglaries and ensure his family's safety, Rich decided to purchase a home security system from ADT Security Systems. Rich's expectation that an ADT home security system will protect his family and prevent future burglaries is influenced by his ________.

A. Adequate service expectations B. Perceived service alternatives C. Social needs D. Personal service philosophy E. Derived service expectations

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Pay compression occurs when the pay differences among individuals with different experience and performance levels become small.

Answer the following statement true (T) or false (F)

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Which of the following is an advantage of bootstrapping?

a. You can expand your business faster. b. You will avoid risk. c. Outside investors are more likely to fund you if you have bootstrapped. d. All of these

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