Business Process Modeling Notation (BPMN) activity diagrams depict activities as circles.
Answer the following statement true (T) or false (F)
False
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The theory under which people make the choice that promises them the greatest reward if they think they can get it is
A. goal-setting theory. B. equity theory. C. reinforcement theory. D. expectancy theory. E. two-factor theory.
Exhibit 7-2 Edwards Co. purchased raw materials with a cost of $95,000 on March 2, 2015. Credit terms of 3/20, n/60 applied. Refer to Exhibit 7-2. If Edwards uses the net method and pays for the purchase on March 18, 2015, what amount is recorded in the Purchase Discounts Taken account?
A. $0 B. $2,850 C. $5,000 D. $3,000
Cash-and-carry wholesalers are limited-function wholesalers who do not grant credit but otherwise operate like service wholesalers.
Answer the following statement true (T) or false (F)
Reconstruction Building Services receives a discharge in bankruptcy, even though some creditors hold judgments on overdue debts against it and others filed actions to collect on overdue debts before the bankruptcy. Reconstruction's discharge will
A. absolve the liability of any co-debtors. B. permit the debtor to enter into reaffirmation agreements. C. allow the debtor to file a petition for a reorganization. D. prohibit actions and void judgments regarding overdue debts.