A group of related accounts that comprise a complete unit is called a
A) journal
B) liability
C) ledger
D) transaction
C
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Rushing had net income of $240 million and average total assets of $2,000 million. Its return on assets is:
A. 80%. B. 800%. C. 12%. D. 120%. E. 8%.
Answer the following statements true (T) or false (F)
1. All decisions are made better by groups. 2. Heterogeneous groups make better decisions than homogenous groups. 3. Due to the increased pool of skills, groups are more efficient than individuals in making decisions. 4. The best approach to group decision making is the democratic approach. 5. The consultative approach to group decision making is the most time-consuming.
If there is a competitive outside market for the transferred product, then the best transfer price is the
A) cost-based price. B) negotiated price. C) market price. D) price set by central management. E) none of these.
Exclusive dealing contracts are illegal and void
a. True b. False Indicate whether the statement is true or false