In the cultural audit approach where typically do the recommendations seem to indicate the source of the problem lies?

a.senior management
b.The dominant culture group
c.The disadvantage group
d. The peer groups


b.The dominant culture group

Business

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If a trademarked name acquires a generic meaning, the owner of the trademark loses protection

a. True b. False Indicate whether the statement is true or false

Business

To verify transactions, accountants use two mirror-image processes: vouching and tracing. Tracing is a process where the accountant begins with an item of original data and checks out all the activity that has occurred from beginning to end to make sure it has been properly recorded throughout the bookkeeping process

a. True b. False Indicate whether the statement is true or false

Business

Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant? Do not round your intermediate calculations.

A. 10.13% B. 8.59% C. 10.23% D. 10.64% E. 9.92%

Business

Answer the following statement(s) true (T) or false (F)

1. An entrepreneur is simply another term for manager. 2. An entrepreneur is one who organizes the resources, takes the risks, and receives the financial and other rewards of starting a new enterprise. 3. Professionals, such as doctors and lawyers, are never considered to be entrepreneurs. 4. All entrepreneurs exhibit one consistent trait: they are all extroverted. 5. All entrepreneurs exhibit one consistent trait: they are all optimistic.

Business