Which of the following statements best describes one effect of recognizing expenses incurred by a business entity?
a. Stockholders' equity will decrease.
b. Liabilities will decrease.
c. Stockholders' equity will increase.
d. Assets will increase.
a
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In which of the following has LP been applied successfully?
A) minimizing distance traveled by school buses carrying children B) minimizing 911 response time for police patrols C) minimizing labor costs for bank tellers while maintaining service levels D) determining the distribution system for multiple warehouses to multiple destinations E) all of the above
Opportunity, pressure and rationalization are the three elements of the fraud triangle.
Answer the following statement true (T) or false (F)
Relying primarily on debt financing is very dangerous for a company because ________.
A. creditors can force a company into bankruptcy or take over company property B. creditors can sabotage the business by refusing to lend it money C. creditors can gain a majority share of the company and take it over D. it can be very stressful for the owners, thus causing them to make mistakes
Which of the following is true of a franchise?
A. The franchisor and franchisee are generally established as separate legal entities. B. A franchisee does not need a license to use the franchisor's trademark. C. The franchisee does not have access to the franchisor's knowledge. D. A franchise is considered a joint venture.