Which one of the following items is correct concerning the time element of financial statements?
a. The balance sheet covers a period of time.
b. The statement of retained earnings explains changes during a particular period.
c. An income statement lists amounts at a specific point in time.
d. Both the income statement and the balance sheet cover a period of time.
b
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Two different project teams recently submitted proposals for very promising ideas, but the budget will not allow both to go forward this year. Amanda is making the tough decisions about which should be the focus this time, as a part of her ______ role.
A. leadership B. disseminator C. resource allocator D. negotiator E. entrepreneur
The duplication of critical components that serve as backup if the original component or subsystem fails is called ______.
A. availability B. redundancy C. maintainability D. reliability
Which of the following is a location analysis technique typically employed by a service organization?
A) purchasing power analysis B) linear programming C) queuing theory D) transportation method E) locational cost-volume analysis
Which of the following statements is true of cultural values?
A. In today's globalized market, cultural differences are negligible, thus enabling international advertisers to market their brands easily. B. Cultural values are personal values and are only applicable on an individual level. C. A highly ethnocentric culture will be extremely receptive to foreign products and services. D. Cultural values have no effect on the market or consumer behavior. E. Values and beliefs of a society can affect its receptivity to foreign products and services.