Contracts are essential to the workings of a private-enterprise economy

Indicate whether the statement is true or false


TRUE

Business

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A data warehouse is a relational or multi-dimensional database that may require hundreds of gigabytes of storage

Indicate whether the statement is true or false

Business

Tony, a vice president of the St. Louis One Gateway Credit Union, decided to measure the customers' perceptions of the service quality of the Credit Union

He chose to use the SERVQUAL scale because it included the ________ component, which involves the knowledge and courtesy of employees, as well as their ability to convey trust and confidence. A) empathy B) responsiveness C) assurance D) reliability E) creativity

Business

The materials requisition serves as the source document for debiting the accounts in the materials ledger

Indicate whether the statement is true or false

Business

Assume a corporation issues 5,000 shares of $7 par common stock for a building with an unknown value. The corporation's stock is trading at $8.50 per share. What is the appropriate journal entry?

a. Common Stock is debited $35,000, Paid-in Capital in Excess of Par-Common Stock is debited $7,500 and Building is credited $42,500. b. Building is debited $35,000, Common Stock is credited $35,000. c. Building is debited $42,500, Common Stock is credited $35,000 and Paid-in Capital in Excess of Par-Common Stock is credited $7,500. d. Building is debited $42,500, Common Stock is credited $35,000 and Gain on Sale of Stock is credited $7,500 e. Building is debited $42,500, Common Stock is credited $35,000 and Accounts Payable is credited $7,500.

Business