Which of the following would be included in the journal entry to record the payment of sales tax payable?
A) a debit to Sales Tax Payable
B) a credit to Sales Tax Expense
C) a debit to Sales Tax Expense
D) a credit to Sales Tax Payable
A
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Assume that the U.S. government is working on a large-sized infrastructure project and approaches China, Canada, and France for various products it needs. Then, it would have to take an exception from adhering to the ________ policy.
a. Buy Canada b. Buy France c. Buy American d. Buy China
Which statement regarding gift giving in the United States is incorrect?
a. Business gifts to an office are intended for the manager to be taken home to share with his or her family. b. The best rule to follow when giving a business gift in the United States is to limit the price to $25 or less. c. In the United States gifts are opened in front of the giver. d. Exchanging gifts among colleagues is becoming less common.
Which of the following forms of manager compensation most likely encourages managers to take a long-term view of how their performance ties in with the long-term goals of a company?
A) Year-end cash bonus B) Base salary C) Stock options D) Use of a company car
Which of the following statements is true about the federal court system?
A) Appeals of benefits decisions made by the Veterans Administration are heard only by the Federal Circuit Court of Appeals. B) Appeals from administrative agencies are heard only by the Federal Circuit Court of Appeals. C) Bankruptcy cases must be filed under trial courts of limited jurisdiction. D) The U.S. Supreme Court only hears appeals in the federal system.