Define direct and indirect competitors
What will be an ideal response?
A direct competitor is an organization offering nearly identical products or services to the same market. Often, the
competitors are arch rivals. An indirect competitor is an organization offering
similar, but not identical products or services.
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In the financial statements, dividends in arrears on cumulative preferred stock should be
A) disclosed in the footnotes. B) classified as an offset to retained earnings. C) classified as a liability either current or long term. D) classified as an offset to net income.
Explain the landlord's rights regarding security deposits.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Assets are either financed through liabilities or equity. 2. The accrual accounting method registers revenues billed when the actual cash is received; and registers expenses as incurred (accrued) but not necessarily as they are paid. 3. The balance sheet allows venture owners to assess how healthy the business is at a point in time. 4. Assets are defined as the tangible property that the venture owns and has accounting value. 5. Current assets represent the most liquid assets of a venture, meaning they can more easily be turned into cash.
Ezra is up against a tight deadline. He is stressed because his boss, Emily, just gave him two more tasks associated with a very complex project. He thinks Emily is a little passive-aggressive because she likes to throw red tape his way just to add to his stress. Ezra is feeling what?
a. Challenge stressors from Emily and Hindrance stressors from the job b. Challenge stressors from the job and Hindrance stressors from Emily c. Task stressors from the job and Challenge stressors from Emily d. Only Challenge stressors from Emily