Sales from a company's products and services are the only source of cash inflow
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Although sales from a company's products and services will usually be the main source of cash inflow, other activities can generate cash receipts. For example, companies can generate cash by selling equipment or other assets.
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The three parties involved with a check are:
A. The signer, the cashier, and the company. B. The writer, the cashier, and the bank. C. The maker, the manager, and the payee. D. The maker, the payee, and the bank. E. The bookkeeper, the payee, and the bank.
Setup costs are ______.
A. the costs of setting up retail operations B. the costs of changing production from one item to another C. usually higher than holding costs D. the same as storage costs
Characteristics that place the organization at a disadvantage relative to others are termed
A. strengths. B. weaknesses. C. incentives. D. threats.
What was the basis for suits against Subway for their 12-inch claims about sandwiches that were only 11 inches long?
a. Fraud b. Deceptive advertising c. Consumer fraud d. There is no basis for litigation