In a perpetual inventory system, the inventory accounts reflects ending balances

a. True
b. False
Indicate whether the statement is true or false


True

Business

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First Bank loaned $400,000 to Thomas, taking a security interest in his yacht. Thomas defaulted on the loan and First Bank repossessed the boat. First Bank sold the yacht at a public sale. The sale yielded $50,000 more than the debt. First Bank:

a. must pay Thomas the $50,000. b. is entitled keep the $50,000. c. must share the $50,000 equally with Thomas. d. must pay the surplus to the Secretary of State.

Business

Leadership may be part of a manager's job but other managerial roles are not necessarily part of a leader's job

Indicate whether the statement is true or false

Business

Legal and scientific requirements for a successful appraisal system include all of the following EXCEPT:

A. relevance. B. sensitivity. C. reliability. D. acceptability.

Business

_____ range from simple barter to a complex web of exchanges that end up meeting the needs of multiple parties.

A. Individual outsourcingagreements B. Individual countertradeagreements C. Individual direct sellingagreements D. Individual licensingagreements

Business