Which of the following is not a temporary account?
a. Wages Expense
b. Service Fees
c. Rent Expense
d. Capital
D
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Merit pay:
A. is a percentage of customer sales paid to the sales person B. is a lump sum bonus payment C. is pay for tenure (or length of service) in the organization D. is a type of bonus that is based on a time period and not on individual performance E. increases the annual wages of top performers and carries over from year to year
How might a technology company like Apple ensure that it behaves in a socially responsible way toward its customers?
A. It can adhere to government-mandated safety standards in its stores. B. It can ensure that its packaging materials are recyclable. C. It can protect the privacy of personal information collected on its website. D. It can ensure that it pays its employees fairly. E. Social responsibility isn't relevant where customers are concerned; it has to do with serving society as a whole.
The committee submitted ____ final report to management
A) its B) their C) they're D) ?it's
Jenny is an officer of a corporation. She made a difficult business decision. When challenged about her decision, the court ruled she had acted in good faith and that the business judgment rule applied. As such:
a. Jenny will not be held personally liable for a decision that results in money losses to the company. b. Jenny's decision will be reviewed by a court. c. Jenny is immune from a lawsuit. d. Jenny must resign from the board.