Answer the following statement(s) true (T) or false (F)

Any legal proceeding can cost an entrepreneur a lot of money in legal fees.


ANSWER: True

Business

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The use of QR codes, watermarks, and 2D barcodes are all part of:

A) Web 1.0 marketing B) direct marketing C) mobile marketing D) embedded marketing

Business

Which of the following is/are true?

a. Revenues measure the inflow of net assets from operating activities. b. Expenses measure the outflow of net assets consumed in the process of generating revenues. c. Recognizing revenues and expenses always involves a simultaneous entry in an asset and/or liability account. d. Adjusting entries almost always involve an entry in at least one income statement and one balance sheet account. e. All of the above answer choices are true.

Business

Because job satisfaction is ________, we can’t directly measure it.

A. invalid B. behavioral C. an attitude D. complex E. insignificant

Business

A plant produces 75 different electronic products. Each product requires an average of six components that are purchased externally. By redesigning the products, it is possible to produce the 75 products so that they all have three components in common. This will reduce the demand for purchasing, receiving, and paying bills. Estimated savings from the reduced demand are $1,200,000 per year Calculate the nonvalue-added cost of purchasing, receiving and paying bills.

A) $1,200,000 B) $1,000,000 C) $900,000 D) $600,000

Business