The firm's revenues and expenses over a period of time are reported on the firm's:
A) income statement or statement of financial position.
B) income statement or statement of financial performance.
C) balance sheet or statement of financial performance.
D) balance sheet or statement of financial position.
B
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Father Christmas is a retail store that sells a unique Santa made from fur, wool, and tapestry. If 150 customers wish to buy a Santa from this store, and it sells 120 before running out of stock, what is its service level?
A. 88 percent B. 85 percent C. 15 percent D. 20 percent E. 80 percent
A cash prelist is
a. a document that records sales returns and allowances b. a document returned by customers with their payments c. the source of information used to prepare monthly statements d. none of the above
A unilateral mistake occurs if both parties know the object of the contract but are mistaken as to its value
Indicate whether the statement is true or false
TrueBlue uses an MBO program for its performance reviews. Ranelle, the manager, and Louis, the subordinate, are working through that process. Ranelle has listed her goals and metrics for Louis, and Louis has proposed his own goals and metrics. What is the next step in the process?
A. Review organization performance B. Reach mutual agreement on goals and metrics C. Delete inappropriate goals and metrics D. Complete an interim review