Combining the contents of two or more columns is known as ____
a. selection
b. concatenation
c. suppression
d. projection
b
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Suppose that Mexico is a small country and it imposes a tariff on imports. This results in
a. an improving terms of trade for Mexico. b. a worsening terms of trade for Mexico. c. no change in the terms of trade for Mexico. d. better protection from competition for Mexico.
Interest paid would be included in the operating activities category on the statement of cash flows
Indicate whether the statement is true or false
Cost and management accounting
a. require an entirely separate group of accounts than financial accounting uses. b. focus solely on determining how much it costs to manufacture a product or provide a service. c. provide product/service cost information as well as information for internal decision making. d. are required for business recordkeeping as are financial and tax accounting.
Which of the following is not considered a cost for administering the accounts receivable?
A) analyzing credit B) increased holdings C) sending out bills D) collecting past due accounts