Discuss why Enron failed and who should be held responsible for the failure
Students should discuss improper accounting practices, questionable information provided to Wall Street investors and the public; wrongful actions by managers; and the wrongful use of partnerships.
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Work in process inventory consists of products on which the work has been started but is not yet finished at the end of the accounting period
Indicate whether the statement is true or false
When marketers give journalists real news and commentary when they need it, the result is often
A) perceived negatively by journalists' supervisors. B) an invitation to advertise in the particular news medium. C) a positive media mention of the marketer's product or firm. D) a prize-winning, investigative news story. E) in the form of a massive increase in product sales.
It makes little difference where a company is displayed in a list of search results on the Internet, as long as the message is clear.
Answer the following statement true (T) or false (F)
The difference between merchandise available for sale and the cost of goods sold is that the cost of goods sold includes _____
a. beginning inventory b. operating expenses c. transportation charges d. ending inventory