Which of the following factors can organizations concentrate on in structuring an entrepreneurial climate?
a. radical innovation, incremental innovation, and vision
b. skunk works, multiple approaches, and vision
c. top management support, time, resources, rewards, and organizational boundaries
d. rewards, resources, innovation, and vision
ANSWER: c
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You are reviewing the accounting records of Buddy's Foreign Automotive, owned by Bruce Jones. You have uncovered the following situations. List the appropriate accounting principle related to each independent scenario and suggest a correct action for each .1. In August, a check for $500 was written to Community Sports. This amount represents soccer camp for his daughter Cassie.2. Bruce plans a Going Out of Business Sale for June, since he will be closing the business for a month-long vacation in July. He plans to reopen August 1 and will continue operating Buddy's Foreign Automotive indefinitely.3. Buddy received a shipment of tools from Ontario, Canada. The invoice was stated in Canadian dollars.4. Sandy Lane paid $1,500 for a major repair services. The amount was recorded as revenue.
The parts for the repair must be ordered from overseas and the service won't be complete until the following month. What will be an ideal response?
When debt is used to finance the purchase of assets, the term or time span of the debt should always be shorter than the lifespan of the assets.
Answer the following statement true (T) or false (F)
"Bait-and-switch" is
A. advertising a product for sale and then giving the customer a rain check. B. placing the store brand and the national brand side-by-side in a store to confuse customers. C. selling the store brand at a lower price than the national brand. D. advertising certain goods and then pressuring the customer to buy different, more expensive goods.
A career portfolio should
a. contain copies of school transcripts b. not contain letters of recommendation c. not be posted on a Web site d. both b and c