Which of the following comprises a family business?
A. A firm in which no family members are involved in the management of the business
B. A firm in which two or more families own a stake in a company but with no authority for daily management
C. A firm in which two or more families are involved in the occasional management of the business
D. A firm in which one family owns a majority stake
Answer: D
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Access Office Equipment has shifted to sales and service of laptops and PCs, where it has the potential to triple the number of its customers. The company is no longer offering repairs on older types of office equipment because the demand for service on this equipment is low, and profits in that part of the business have dropped significantly. Access Office Equipment is implementing a _____ strategy.
A. growth B. cutting-edge C. stability D. defensive E. diverse
In a normal two-person conversation, at least 60 percent of the social meaning is expressed verbally.
Answer the following statement true (T) or false (F)
Ronn Industries Ronn Industries reported net income of $95,000 for 2012. Early in 2013, Ronn discovered that its 2012 ending inventory was overstated by $5,000. Refer to the information provided for Ronn Industries. Determine the financial statement effects of the inventory error for 2013
A) Expenses will be understated and net income will be overstated. B) Expenses will be overstated and net income will be understated. C) Both expenses and net income will be overstated. D) Both expenses and net income will be understated.
At the optimum solution, what is the number of pounds of tofu included in the diet?
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
A. 1
B. 2
C. 3
D. 4