In the economic field of agency theory, which one of the following is viewed as an agent with the principals who are most importantly the firm's shareholders?
A) suppliers
B) employees
C) managers
D) attorneys
Answer: C
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A response by an offeree that contains terms and conditions different from or in addition to those of the offer is called a(n) ________
A) rejection B) counteroffer C) revocation D) acceptance
Which of the following attributes characterize the assertiveness cultural dimension?
A. confrontational B. altruistic C. loyal D. confidence builder
Avatar Auto Parts Company uses the indirect method to prepare the statement of cash flows
Refer to the following section of the comparative balance sheet: Avatar Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase/(Decrease) Accounts Payable $4,000 $6,000 $(2,000 ) Accrued Liabilities 2,000 1,000 1,000 Long-term Notes Payable 84,000 90,000 (6,000 ) Total Liabilities $90,000 $97,000 $(7,000 ) How will the change in Accounts Payable be shown on the statement of cash flows? A) as an addition to Net Income B) as a deduction from Net Income C) as a deduction from investing cash flows D) as an addition to operating cash flows
Inventory is an example of a current asset.
Answer the following statement true (T) or false (F)