Which of the following represents the accounting equation?
A) liabilities = assets + owners' equity
B) owners' equity = assets + liabilities
C) assets = liabilities + owners' equity
D) assets = liabilities - owners' equity
E) assets = owners' equity - liabilities
Answer: C
Explanation: C) The accounting equation is: assets = liabilities + owners' equity
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Which of the following statements is true about maximize net marketing contribution strategy?
A) It is an offensive core strategy. B) It results in inefficient use of marketing resources. C) It requires careful margin management. D) Its first step is to focus on optimal management of price-volume rather than margin-volume. E) It is most effective in very unattractive markets where the firm has a very weak competitive position.
Environmental scanning is mostly used
A. to gather information on market weaknesses. B. during the planning process to obtain information on opportunities and threats. C. to predict weather conditions in the agricultural sector. D. to determine triple bottom-line report data.
Kevin has to provide some important information through an e-mail to a senior manager, Jack. Since Kevin is a new employee and Jack works from the company's headquarters, he does not know Jack personally. Which of the following greetings is the most appropriate in the email?
A. Dear Senior Manager B. To Jack C. Mr. Jack D. Hi Jack
According to virtue ethics, moral individuals can transcend society's rules by applying personal virtues.
Answer the following statement true (T) or false (F)