A sole proprietorship can operate under the name of the sole proprietor or a trade name.
Answer the following statement true (T) or false (F)
True
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Manuel, a server in a popular family restaurant, is the most popular employee with both customers and employees, and as a result, he usually earns the most in tips. He is always ready to lend a hand when asked, and with his warm personality and supportive nature, people confide in him. Manuel does have a problem telling people no, and he has a tendency to avoid conflict because he is concerned about hurting others or getting people mad. Manuel likely has a(n) ______ decision-making style.
A. directive B. conceptual C. ambiguous D. behavioral E. analytical
A court is likely to order specific performance when ________
A) it rules that the plaintiff should be in the same position as it was in before entering into the contract B) the plaintiff seeks a correction in the terms of the agreement C) the dollar damages are insufficient compensation for the breach of contract D) it wishes to prevent a person from performing a particular action
When formulating a linear programming spreadsheet model, there is one target (objective) cell that contains the value of the objective function.
Answer the following statement true (T) or false (F)
Which of the following statement is true regarding the trial balance?
A. Incorrectly recording a cash sale as a sale on account would not cause the trial balance to be out of balance. B. The income statement is prepared using the post-closing trial balance. C. Trial balances are only prepared at the end of an accounting period. D. A balance of debits and credits ensures that all transactions have been recorded correctly.