An automobile manufacturer just received some unworked sheet metal from the supplier. This should be accounted on the inventory as ______.
a. work in process
b. raw materials
c. finished good
d. in-transit goods
b. raw materials
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Leverage implies that a company
a. contains debt financing b. contains equity financing c. has a high current ratio d. has a high earnings per share
Which of the following statements best describes one effect of recognizing expenses incurred by a business entity?
a. Stockholders' equity will decrease. b. Liabilities will decrease. c. Stockholders' equity will increase. d. Assets will increase.
Definitions of a firm's mission as well as its marketing and financial objectives are included in the marketing strategy section of the marketing plan
Indicate whether the statement is true or false
You should use a ________ approach on important negotiation issues when you are certain you are right.
A. avoiding B. compromising C. problem-solving D. dominating