A consulting firm is an example of a ________ company.
A. Manufacturing
B. Merchandise
C. Service
D. Retail Shop
Answer: C
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Because privately-owned firms do not have to account to stock analysts:
A) short-term profits may be more important than long-term growth. B) long-term profits may be more important than showing consistent positive quarterly returns. C) short-term sales growth may be more important. D) it is important to show consistent quarterly profit returns.
Only entries that affect cash may be recorded directly in the general ledger
Indicate whether the statement is true or false
Which of the following is a measure of liquidity?
A) Return on equity B) Return on assets C) Working capital D) Profit margin
The United States is comprised largely of immigrants, some of whom work to retain their traditional customs and language while still sharing in the common culture. Which of the following terms best fits the above description?
a. Melting pot b. Internationalization c. Mosaic d. Globalization