Erick, the night supervisor at Harold's Hamburgers, believes that black people are unreliable and therefore avoids hiring them. In this scenario, Erick is displaying ________.
A. sexism
B. racism
C. bigotry
D. nepotism
Answer: B
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The purpose of the Transaction Processing System includes all of the following except
a. converting economic events into financial transactions b. recording financial transactions in the accounting records c. distributing essential information to operations personnel to support their daily operations d. measuring and reporting the status of financial resources and the changes in those resources
The objective of profit maximization
A) should be the only goal of an organization B) is an objective of financial accounting but not management accounting C) should be achieved through legal and ethical means D) should outweigh the goal of product quality
Which of the following accounts is not included in the calculation of net income?
A. Cash. B. Rent expense. C. Wages expense. D. Rent revenue. E. Services revenue.
If a person unknowingly deals with an unlicensed individual, the courts will usually allow the person to recover any money paid to the unlicensed individual
Indicate whether the statement is true or false