List and describe the two accounting systems available for a small business.
What will be an ideal response?
The two accounting systems available for a small business are cash-based accounting systems and accrual-based accounting systems. Cash-based accounting systems record expenses as they are paid and recognize revenue when it is generated. Accrual-based accounting systems record expenses and revenues as they apply. If a company has inventory, it must use this system.
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Which of the following helps an organization focus on minimizing any harmful effects it may have on the environment?
A) Six Sigma B) ISO 9000 C) ISO 14000 D) total quality management (TQM) E) cannibalization
The description of human populations based on characteristics such as age, gender, ethnicity, and education level is referred to as
A. demographics. B. consumer group profiling. C. psychographics. D. sociocultural analysis. E. statistical analysis.
Lon is an employee of Motor Parts, an auto parts store. On the orders of his employer, he switches trademarks on parts that come into the store to be sold to consumers. This is most likely
A. forgery. B. larceny. C. robbery. D. no crime.
A number of frequently used influence tactics were discussed in the text. How many have you witnessed being played in organizations of which you are a member? What other tactics have you seen used?
What will be an ideal response?