Identify which of the following statements is true.
A. A newly formed corporation must select its basic accounting method.
B. The terms "regular corporation" and "C corporation" are synonymous.
C. A corporation is a separate taxpaying entity that must file a tax return annually.
D. All of the above are true.
Answer: D
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The value chain
a. reflects the production of goods within an organizational context. b. is concerned with upstream suppliers, but not downstream customers. c. results when all non-value-added activities are eliminated from a production process. d. is the foundation of strategic resource management.
Which of the following entries would probably not be found on the books of a service provider?
A) Debit Work in Process; credit Materials B) Debit Work in Process; credit Wages Payable C) Debit Work in Process; credit Overhead D) Debit Cost of Services; credit Work in Process
Makerspaces is a community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable.
Answer the following statement true (T) or false (F)
Which statement represents the best advice on the use of references?
A) Include a list of references directly on the résumé. B) Do not include personal or character references. C) Remember that companies generally check references before a job interview to learn about a candidate in advance. D) Be sure to add the statement References furnished upon request at the bottom of your résumé.