Which of the following managers is likely to have the most diverse responsibilities?
A) the manager of a cost center
B) the manager of a profit center
C) the manager of an investment center
D) the manager of a revenue center
C
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All of the following are major trade agreements affecting global marketing except
A. GNI. B. CAFTA. C. ASEAN. D. EU. E. NAFTA.
The copying of a genuine item without authorization, especially when passed off as the original item is:
a. economic espionage b. fraud c. counterfeiting d. insider trading e. none of the other choices
Illegal bribes and kickbacks are not deductible as business expenses but fines imposed by a governmental unit are deductible as long as the fines are incurred in the ordinary course of business.
Answer the following statement true (T) or false (F)
On January 1, Year 1, Mayer Corporation signed a contract to perform $25,000 worth of services for Phips Company over the next three years. Which of the following indicates the effects of this event on the Year 1 income statement and statement of cash flows of Mayer Corporation? Cash FlowsNet IncomeOperatingInvestingFinancing
A.
| NA | NA | NA | 25,000 |
B.
| 25,000 | 25,000 | NA | NA |
C.
| 25,000 | NA | 25,000 | NA |
D.
| NA | NA | NA | NA |