What led most directly to increased government involvement with regulating business and its dealings with society?
A. The Industrial Revolution
B. President Kennedy's consumer bill of rights
C. The collapse of the oil industry
D. The Great Depression
E. The end of World War I
Answer: D
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When using the phone, what should be relied on to convey confidence and professionalism?
A) The ability to multitask while on the phone B) The ability to send links to the audience to support information conveyed while conversing C) The ability to use tone of voice to convey meaning D) The ability to block out distractions E) The ability to keep calls short and to the point
A discount that buyers take for early payment of merchandise is called a
a. customer discount. b. purchases discount. c. sales discount. d. trade discount.
In preparing the cash flows from operating activities section of the statement of cash flows by the indirect method, the amortization of bond discount for the period is deducted from the net income for the period
Indicate whether the statement is true or false
Which of the following methods of reporting comprehensive income did the FASB members that dissented from SFAS No. 130 believe most firms would use?
a. Reporting comprehensive income in a combined statement of financial performance b. Reporting comprehensive income in a separate statement of comprehensive income which would begin with net income c. Reporting comprehensive income within a statement of changes in equity d. Not reporting comprehensive income