Creditors' claims on the assets of a company are called:
A. Net losses.
B. Equity.
C. Revenues.
D. Expenses.
E. Liabilities.
Answer: E
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The statement "All Americans are loud and aggressive" is an example of
A. nepotism. B. discrimination. C. prejudice. D. a stereotype.
When a lease runs for an indefinite period, which may be terminated at any time by the landlord or the tenant, a tenancy at will exists.
Indicate whether the statement is true or false
In the Shifty Industries case, the primary ethical issue can be stated as:
A. Whether an accountant should claim lack of diligence of other staff accountants. B. Whether an accountant should claim a higher section 179 deduction than allowed by law. C. Whether an accountant should claim inflated expenses on the company tax return. D. Whether an accountant should claim lack of competence by other staff accountants.
A major factor contributing to the growth in the use of direct marketing IMC efforts is
A. the reduction in IMC noise, allowing for a decreased lagged effect. B. reduced government regulation of deceptive advertising practices. C. a shift from objective-and-task to rule-of-thumb budgeting. D. increased use of credit and debit cards, and online shopping by consumers. E. expanded use of personal selling.