According to the text, six forces are reshaping the nature of managing within organizations. They include ________.
A. technology
B. mentoring
C. the economic climate
D. political unrest
Answer: A
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Which one of the following statements is true?
a. Good cash management practices dictate that a company should maintain as large a balance as possible in its cash account. b. Sound internal control practice dictates that disbursements should be made by check. c. The person handling the cash should also prepare the bank reconciliation. d. Petty cash can be substituted for a checking account to expedite the payment of all disbursements.
The going-concern assumption holds that the business entity will continue its operations long enough to realize its projects, commitments, and ongoing activities. The assumption is that the entity is not expected to be liquidated in the foreseeable
future or that the entity will continue for an indefinite period of time. Explain the relationship between the going-concern assumption and the historical cost principle and the amortization of assets.
A holder of a life estate cannot transfer their interest in the real property
Indicate whether the statement is true or false
Any decision you make or solution you implement involves some risk, which is an exposure to a chance of loss or damage. _________________________
Answer the following statement true (T) or false (F)