The business definition has three elements: ________.
A. target market, potential customers, and production capability
B. offer, target market, and production/delivery capability
C. offer, acceptance, and consideration
D. business definition, target market, and market analysis
Answer: B
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Journal entries are typically posted to the ledger only at the end of the year
Indicate whether the statement is true or false
Register disbursement schemes:
a. are among the most costly of all disbursement schemes. b. average about $26,000 per incident. c. include false sales. d. All of the choices are true of register disbursement schemes.
Budgeted financial statements are financial statements based on budgeted amounts rather than actual amounts
Indicate whether the statement is true or false
Dissolution of a partnership: A)always means that the business has ended
B)increases the authority of the partners. C)is followed by a winding-up period. D)means the partners' vested rights are extinguished.