The Systems Approach recognizes that law is dynamic, as opposed to static
a. True
b. False
Indicate whether the statement is true or false
True
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Most companies
a. are not concerned with the management of working capital because cash flows are good. b. strive for a balance between current assets and current liabilities. c. try to maintain protection from the creditors by keeping only a small amount of cash available. d. agree that working capital of $3,000,000 is sufficient for business operations.
The primary purpose of the trial balance is to test the
a. recording of transactions. b. analysis of transactions. c. equality of debit and credit balances in the ledger. d. equality of debit and credit entries in the journal.
An appropriate phrase to eliminate the allness error is ______
A. “This is what I consider critical information.” B. “I am certain this is true.” C. “In my opinion,….” D. “either… or….”
Barney wants to rent an apartment and posts an advertisement in a classifieds website. Two days later, Michael, who wants to rent out his apartment, e-mails Barney and they finalize the deal over the Internet
Barney pays Michael through an online transfer. This is an example of ________. A) e-licensing B) e-commerce C) cybersquatting D) spamming