Joshua Thomas Corporation manufactures and retails computer hardware. The president of the corporation bought a new car as a gift for his daughter and paid for it using cash from the business
Since the corporation paid for the car, it was recorded in its books as an asset. Which of the following concepts or principles of accounting did the corporation violate?
A) monetary unit assumption
B) economic entity assumption
C) cost principle
D) going concern assumption
B
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A low market-penetration index indicates ________
A) it will be expensive for the firms to attract the few remaining prospects B) substantial growth potential for all firms C) the rival firms try to capture greater market share by lowering their product price D) the profit margins of the firms decline E) the firms cannot raise demand substantially by raising its market expenditure
Which of the following definitions BEST describes a Web portal?
a. A site, such as Netvibes, that has the ability to search and gives users entry to various Web services b. A small search engine, such as Blackle, that is powered by a larger one c. A search engine, such as Yippy, that compiles the search results of multiple search sites d. A search engine, such as Leapfish, that sorts search results into categories
Business communicators should consider including a forward look, good wishes, a mention of freebies, or references to resale information or promotion in the ____________________ of a bad-news message
Fill in the blank(s) with correct word
What is the estimated expected mean time (in weeks) for the project completion?
What will be an ideal response?