Trend analysis includes all of the following steps EXCEPT

A. selecting a business factor.
B. soliciting expert opinions.
C. predicting employment needs.
D. plotting historical trends.


Answer: B

Business

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The T-account approach:

A. shows cash provided as credits and cash used as debits. B. does not determine the change in each balance sheet account. C. may be used with the direct method. D. creates one big T-account for cash that replaces separate schedules to show all the changes in the cash account.

Business

Which of the following is not mentioned as a group that leaders need to try to influence?

a. peers b. customers c. superiors d. politicians

Business

The Securities and Exchange Commission is an accounting information user with an indirect financial interest in a business

Indicate whether the statement is true or false

Business

Which of the following statements is true of bailments?

A) The person who transfers possession of personal property to another is the bailee. B) If the bailment is for the mutual benefit of both parties, the bailee is liable for damage to the property caused by the bailee's gross negligence. C) If the bailment is for the mutual benefit of both parties, then both the bailor and the bailee share responsibility for the damages due to negligence. D) The parties to a contract cannot limit the liability of the bailee.

Business