Generally accepted accounting principles allows which of the following methods of preparing the statement of cash flows?
A) The operating, investing, and financing methods.
B) The accrual basis and cash basis of accounting methods.
C) The direct and indirect methods.
D) The cash flows and noncash flows methods.
C
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Which of the following statements refers to punitive damages?
A) They are damages in excess of compensatory damages that the court awards for the sole purpose of deterring the defendant and others from doing the same act again. B) They are damages awarded to the party that is injured by a breach of contract but cannot establish actual damages. C) They are damages for nonperformance that are stipulated in a clause in the contract. D) They are damages designed to place the non-breaching party in the position that party would have enjoyed had the terms of the contract been performed.
French union federations are often focused on a(n) _________________________ agenda.
A. Business unionism B. Political or ideological C. International D. Voluntaristic
Which of the following statements is CORRECT?
A. If a lower level person in a firm does something illegal, like "cooking the books" to understate costs and thereby artificially increase profits because he or she was ordered to do so by a superior, the lower level person cannot be prosecuted but the superior can be prosecuted. B. There are many types of unethical business behavior. One example is where executives provide information that they know is incorrect to outsiders. It is illegal to provide such information to federally regulated banks, but it is not illegal to provide it to stockholders because they are the owners of the firm. C. If someone deliberately understates costs and thereby causes reported profits to increase, this can cause the stock price to rise above its intrinsic value. The stock will probably fall in the future. Both those who participated in the fraud and the firm itself can be prosecuted. D. Ethical behavior is not influenced by training and auditing procedures. People are either ethical or they are not, and this is what determines ethical behavior in business. E. ?Ethics is not an important consideration in business and in business schools.
The first main component in the planning process is determining goals. What is the next step?
A. Developing a comprehensive strategy B. Developing a functioning budget C. Developing an array of tactics D. Developing a strategic mission E. Developing an operational plan