Your vocal quality sends only verbal messages
Indicate whether the statement is true or false
False
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Which of the following activities is not associated with the purchase and payments business process?
A. Buying products and services. B. Receiving goods. C. Recording payments to vendors. D. Maintaining customer records.
As a general guideline, a pie chart should not require more than four sections
Indicate whether the statement is true or false
Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
A. Debit Salaries payable $12,000, credit Salaries expense $12,000. B. Debit Salaries expense $18,000; credit Salaries payable $18,000. C. Debit Salaries expense $12,000; credit Salaries payable $12,000. D. Debit Salaries expense $18,000; debit Salaries payable $12,000; credit Cash $30,000. E. Debit Salaries payable $18,000; credit Cash $18,000.
The defenders of the sustainability approach toward corporate social responsibility (CSR) point out that ________.
A. businesses' sole social responsibility is to fulfill the economic functions they were designed to serve B. all economic activity exists within a biosphere that supports all life C. people have a strong ethical duty to cause no harm, and only a prima facie duty to prevent harm D. the success of a business must be judged only against profitability