Which one of the following groups is considered an internal user of financial statements?
a. A bank reviewing a loan application from a corporation.
b. The labor union representing employees of a company that is involved in labor negotiations
c. The financial analysts for a brokerage firm who are preparing recommendations for the firm's brokers on companies in a certain industry,
d. Factory managers that supervise production line workers.
d
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Marsh Corporation borrowed $90,000 by issuing a 12%, six-month note payable, all due at the maturity date. After one month, the company's total liability for this loan amounts to:
a. $91,800 b. $90,900 c. $90,450 d. $90,000
In a _____, a market rarely remains the domain of one organization for long; thus, competition ensues almost immediately.
A. planned economy B. mixed society C. free-enterprise society D. command economy
________ rate employee performance using a series of statements that describe the range of performance from ineffective to effective.
A. Management by objectives B. Graphic rating scales C. Behaviorally anchored rating scales D. Critical-incident appraisals
In CASE 11.1 Association for Molecular Pathology v. Myriad Genetics, Inc (2013), the U.S. Supreme Court held that under U.S. Patent Laws isolated DNA is:
a. not eligible for patent protection because it is naturally occurring. b. eligible for patent protection because it is man-made. c. eligible for patent protection because it is naturally occurring. d. not eligible for patent protection because it is man-made.