Software algorithms are a form of ________ that, once developed and paid for, can be reused many times at a very low cost.
A. intangible asset
B. knowledge asset
C. social asset
D. tacit asset
Answer: B
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If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:
A. Result in a debit to a liability and a credit to an asset account. B. Result in a debit to an expense and a credit to an asset account. C. Cause an accrued liability account to exist. D. Cause an adjustment to prior expense to be overstated and assets to be understated. E. Decrease cash.
Which of the following refers to the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?
A. Social responsibility B. Free domain C. Ethics D. Codified law E. Sustainability
Flipsy is an online auction marketplace where users swap virtual currency for free stuff
Indicate whether the statement is true or false
Powerball (Scenario)Colleen invested a dollar in the Powerball Lottery and won $60 million. Subsequently, she decides to start her own business selling lawn mowers.A business broker hears that Colleen is interested in purchasing a business and approaches her with an offer to sell her a company that owns a patent on a new roofing product and who installs this new roofing in the southwestern United States. If she buys this firm, she will be using a(n) ________ strategy.
A. unrelated diversification B. horizontal integration C. vertical integration D. related diversification