________ goals can shift people away from mediocrity.
A. Acceptable
B. Challenging
C. Meaningful
D. Stretch
E. Specific
Answer: D
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Which of the following terms designates the maximum number of shares of stock that a corporation may issue?
A. Par value B. Number of shares issued C. Number of shares authorized D. Number of shares outstanding
All of the following are true regarding the statement of cash flows except:
A. Noncash activities are investing and financing activities that do not affect cash flows. B. Operating activities include transactions and events that affect net income. C. Investing activities include transactions that affect issuance of common stock. D. Financing activities include transactions that affect long-term liabilities and equity. E. Investing activities include transactions and events that come from the purchase and sale of long-term assets.
Harvey, a shareholder in Braxwell Technologies, reinvests 10% of the dividends received from the company back into it, partly to evade taxes and partly to support the company. This scenario reflects the concept of _____.
A. cash disbursements B. tunneling C. retained earnings D. asset stripping
Liability for lost, delayed or damaged baggage is determined by
a. the Federal Trade Commission. b. the Federal Aviation Administration. c. each airline. d. Congress.