Which of the following is an example of a commitment?
a. Lease
b. Note payable
c. Revenue received in advance
d. Dividend payable
A
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The entry to record depreciation on a building is
a. Accumulated Depreciation–Building – Debit; Building – Credit b. Depreciation Expense–Building – Debit; Building – Credit c. Depreciation Expense–Building – Debit; Cash – Credit d. Depreciation Expense–Building – Debit; Accumulated Depreciation–Building – Credit
Which of the international operations strategies involves high cost reductions and high local responsiveness?
A) international strategy B) global strategy C) transnational strategy D) multidomestic strategy E) worldwide strategy
An advantage of telecommuting for an organization is that:
A. it provides access to a broad talent pool. B. it makes it easier to foster teamwork among employees. C. it makes monitoring and managing far-flung employees simpler. D. it allows employees to strongly connect to the company culture.
Each party to a contract must intentionally exchange a legal benefit or incur a legal detriment as an inducement to the other party to make a return exchange
Indicate whether the statement is true or false