Martha puts an ad in her company's newsletter saying she would pay $5,000 for a first-issue Grace Kelly stamp to the first person who accepted her offer. Martha decides she would rather go on a European vacation and changes her mind about investing in the stamp. Martha posts a sign at the executive water fountain saying the offer is no longer valid. A foreman from a branch plant takes a flight to
the Chicago main office to see Martha and accept her offer. Martha does not owe him any money to pay for a breach of contract.
a. True
b. False
Indicate whether the statement is true or false
False
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The time period assumption assumes a company prepares financial statements every month
a. True b. False Indicate whether the statement is true or false
Unlike physical products, services cannot be seen, tasted, felt, heard, or smelled before they are bought. This characteristic of services is known as ________
A) inseparability B) intangibility C) variability D) perishability E) heterogeneity
Answer the following statements true (T) or false (F)
1. Benchmarking often compares a company against a key competitor or the industry average. 2. No single ratio tells the whole picture of any company's performance. 3. Online financial databases provide data on companies which allows investors to compare the companies' future earnings. 4. Ratios can be used to analyze a company's ability to pay long-term debt. 5. Working capital measures a business's ability to meet its long-term obligations with its current assets.
A management information system is a part of a management control system
Indicate whether the statement is true or false