Which of the following statements regarding earnings per share is true?
a. Earnings per share cannot be used to compare companies of different sizes.
b. Earnings per share is used to calculate the dividend yield.
c. Earnings per share is calculated using the average number of authorized shares.
d. It is mandatory under GAAP and IFRS to disclose earnings per share.
d
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When it comes to criteria for segmenting markets, it is important that the size and purchasing power of a market segment should be clearly identified. In other words, it should be
A. accessible. B. actionable. C. identifiable. D. measurable. E. differentiable.
A "me-too" strategy consists of copying products that already exist and attempting to build an advantage through minor variations.
Answer the following statement true (T) or false (F)
Which of the following is true of internal control?
A) A company's outside auditor is responsible for the company's internal control system. B) One of the major purposes of internal control is to ensure that the assets are safeguarded. C) Internal control procedures tend to diminish the importance of operational efficiency. D) Internal controls are only necessary for public companies.
Where a partner acts without either actual or apparent authority, the partnership:
A) is bound under all circumstances, since the partner is an agent of the partnership. B) is bound only if it ratifies the act. C) is bound only if the third person did not know the partner was acting on behalf of the partnership. D) cannot be bound.