Net sales minus cost of goods sold equals
a. operating income.
b. operating expenses.
c. other expenses.
d. gross profit.
d
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An example of a disadvantage of using surveys is interviewer error
Indicate whether the statement is true or false
Francois is the sole owner of a photo studio and handles most of the work himself. All earnings from the studio become Francois's income. Given this information, Francois:
A. is obliged to pay both personal tax and company tax. B. only pays taxes on his income as the owner. C. is free to choose the taxation policy for his company. D. has limited liability for the debts incurred by the studio.
Which of the following would be a sign of a weak organizational culture?
A. Everyone uses a rulebook to decide what to do. B. Everyone knows the organization's goals. C. Everyone understands how things are done. D. Everyone helps new employees fit in. E. Everyone believes in the company's mission.
Investment advisers may not, by law, be the managers of an investment company
a. True b. False Indicate whether the statement is true or false