In a disguised audit, _____
a. store employees are unaware that an audit is taking place
b. the real purpose of the audit is told to employees, but not customers
c. consumers are aware of the audit
d. results of the audit are not given to management
a
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The three forms of business entities are:
a. Government, cooperatives, and philanthropic organizations b. Financing, investing, and operating c. Sole proprietorships, partnerships, and corporations d. Wholesaler, manufacturer, and retailer
A company's mission is generally driven from the top of the organization.
Answer the following statement true (T) or false (F)
Which of the following is true of cumulative voting?
A. Each shareholder votes the number of shares he or she owns on candidates for each of the positions open for election. B. A majority shareholder always elects the entire board of directors. C. The cumulative voting method always applies to elections for the board of directors. D. A minority shareholder has a better opportunity to elect someone to the board of directors.
While _____ assets are recorded on a balance sheet on the basis of cost, _____ assets are recorded on the basis of cost less accumulated depreciation
a. fixed; hidden b. fixed; current c. hidden; fixed d. current; fixed