A leasehold is:
A. The rights granted to the lessee by the lessor of a lease.
B. An asset held as an investment.
C. The same as a patent.
D. A short-term rental agreement.
E. Recorded as revenue expenditure when paid.
Answer: A
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U.S. GAAP and IFRS distinguish between revenues and expenses on the one hand and gains and losses on the other. Which of the following is/are true?
a. Revenues and expenses result from the recurring, primary operating activities of a business. b. Income items include the ordinary, recurring operating activities of the firm. c. Gains and losses result from either peripheral activities or nonrecurring activities. d. The reporting of revenues and expenses are at gross amounts, and firms report gains and losses at net amounts. e. all of the above
A survey of 97 highest-level public relations leaders indicates public relations people must be: "self-starters, go getters, risk-takers, opportunity seekers with boundless energy, great curiosity"
This describes which of the seven key factors of a successful public relations career? A) timeliness B) diversity of experience C) proactivity and passion D) intangibles
Joseph Shumpeter came up with the term ‘creative destruction’, about the impact of innovative entrepreneurs. Please cComplete the following sentence which explains what this type of entrepreneur achieves. Creative destructors act as __________ ___________ in an economy, and their creation – a new _________, a new _________, or a new _________ __________ – triggers ‘_________ ___________ that disrupts the existing __________ or __________ structure and creates a new industry or a new structure through innovation.
Fills the gaps in the following sentence.
In our information-intensive society, proposal preparation is an insignificant activity for many firms
Indicate whether the statement is true or false