What international organization drafted the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions of 1999?
a. The EU
b. The UN
c. The OECD
d. The WTO
c
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With increasing competition in the restaurant business, Sal, owner of Mom's Pizza, is dealing with growing uncertainty. He is meeting with his managers to develop a future course of action to meet company goals. This process is known as
A. planning. B. leading. C. controlling. D. defining. E. diversifying.
The owner's capital for a sole proprietorship is similar in nature to which of the following for corporations?
a. Stockholders' equity b. Retained earnings c. Common stock d. Dividends
Which of the following is one of the conditions for recognition of an expense?
A) There is a reasonable expectation that cash will be received. B) The expense can be recognized only when cash is paid. C) The goods will be delivered or the services will be provided within the accounting cycle. D) The goods or services are used to produce revenue.
Crowdfunding brings together various individuals who commit money to projects and companies they want to support.
Answer the following statement true (T) or false (F)