In a cloud-based ERP system, businesses are responsible for?
a. Owning software
b. Maintaining software
c. Maintaining data
d. Neither owning nor maintaining software or data
d. Neither owning nor maintaining software or data
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How is the current ratio calculated?
A. Current assets divided by current liabilities B. Retained earnings divided by current liabilities C. Current assets divided by total assets D. Current assets minus current liabilities
In order for family-managed businesses to survive and prosper, management guru Peter Drucker advised them to
A. refrain from having someone outside the family help plan succession. B. tolerate mediocre performance by family members. C. discontinue hiring outsiders as they are more objective. D. fill at least one key position with a nonfamily member. E. offer initial public stock offerings as soon as possible.
Acts constituting duress are necessarily crimes or torts in themselves
a. True b. False Indicate whether the statement is true or false
Which of the following accounts contains the actual money that can be spent by a firm?
A. Accounts Receivable B. Notes Payable C. Net Worth D. Inventories E. Cash and Equivalents