A(n) ______ is an example of a current liability.
?
A. auto loan
B. credit card balance
C. mortgage
D. education loan
E. furniture loan
Answer: B
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An individual may freely use the trade secret of another if he or she:
A. acquires it from a third party who trespassed on it. B. acquires it by breaching the duty of confidentiality regarding the secret. C. discovers it through reverse engineering. D. obtains it by improper means and the secret is not patented.
Which of the following is a characteristic of a partnership?
A) Partnerships pay corporate income taxes. B) Partnerships are listed on a stock exchange. C) Partnerships are organized as corporations. D) Partners have co-ownership of the partnership's assets.
Reusing the exact same words is referred to as ______.
Fill in the blank(s) with the appropriate word(s).
Which type(s) of activities are static budgets less useful for?
A) Operating activities B) Control activities C) Planning activities D) Both control and planning activities