Artful Innovations Inc. operates with open channels of communication and an established suggestion system that encourages brainstorming and freewheeling discussions. Artful Innovations can best be described as a(n) __________ organization.
A. experimental
B. cooperative
C. entrepreneurial
D. disruptive
E. creative
Answer: E
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On April 1 . 2014, Ziba Inc purchased as a temporary investment $100,000, face amount, 10% U.S. Treasury notes; they pay interest semiannually on January 1 and July 1 . The notes were purchased at 102 . Which of the following entries correctly records this purchase?
a. Trading Securities--10% U.S. Treasury Notes. 100,000 Interest Receivable......................... 2,500 Premium on Trading Securities............... 2,000 Cash..................................... 104,500 b. Trading Securities--10% U.S. Treasury Notes. 102,000 Interest Receivable......................... 2,500 Cash..................................... 104,500 c. Trading Securities--10% U.S. Treasury Notes. 100,000 Interest Receivable......................... 4,500 Cash..................................... 104,500 d. Trading Securities--10% U.S. Treasury Notes. 102,000 Cash..................................... 102,000
NAFTA is a trade agreement between
A. the United States, Canada, and Mexico. B. the European Union and the United States. C. the United States, Mexico, and Brazil. D. the United States and China. E. Brazil, China, and India.
The cost of units sold is recorded by debiting Cost of Goods Sold and crediting ________
A) Finished Goods Inventory B) Sales Revenue C) Work-in-Process Inventory D) Wages Payable
Which of the following best describes the ultimate task of the financial managers?
A) Profit maximization B) Risk minimization C) Maximization of shareholders' wealth D) None of the above