Answer the following statement(s) true (T) or false (F)

1. An integrated information system is one built on common platforms that permit single instances of data to be used in several applications.
2. SOA is a collection of internal and external services that can communicate with each other by point-to-point data exchange or through coordination among different services to achieve a business purpose.
3. The Occupational Safety and Health Act (OSHA) is a law that authorizes the federal government to establish and enforce occupational safety and health standards for all places of employment affecting interstate commerce.
4. Outsourcing is an organization’s use of groups outside the U.S. to provide services (e.g., HR call centers) to achieve strategic organizational goals.
5. Offshoring is an organization’s use of an outside group to provide from a few (e.g., recruiting, compensation processing) to a broad set of services (e.g., all HR functions) to achieve strategic organizational goals.


1. True
2. True
3. True
4. False
5. False

Business

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A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the Income Summary account? (Assume all accounts have normal balances.)   Retained earnings$7750?Dividends 10,850?Revenue 31,000?Rent expense 3100?Salaries expense 7250?Insurance expense 345?Depr. Expense-equipment 520?Accum depr.-equipment 1560?

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A. ?The current ratio will increase. B. ?The current ratio will decrease. C. ?The current ratio will become equal to its quick ratio. D. The quick ratio will become more than its current ratio.? E. ?The current ratio will remain the same.

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Answer the following statement true (T) or false (F)

Business