A cooperative business between two or more companies may be:
a. a joint-venture.
b. a merger.
c. a multinational corporation.
d. All of the above
a
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The functional interchangeability test helps to determine if:
A. the plaintiff has standing to bring an antitrust suit. B. there has been joint action. C. the defendant had an anticompetitive intent. D. a firm controls a very high percentage share of the relevant market.
Which of the following concepts is important to accrual accounting?
A) Time period, because accrual accounting divides earnings into time periods. B) Market basis, because inflation is a big factor in the environment. C) Cash basis, because if cash is not received, revenue is not accrued. D) Entity concept, because personal transactions must be separated from business transactions.
Scarlette is developing appropriate presentation visuals for an upcoming workshop. Which of the following is a limitation of using an electronic presentation?
a. It can lead to poor delivery if misused. b. It is not easily updated. c. It reduces audience attention on the topic. d. It requires highly developed skills.
As in partnerships, an S corporation shareholder's basis is dynamic and must be adjusted annually.
Answer the following statement true (T) or false (F)