Exxon, Mobil, and Shell are three of the relatively few sellers in the oil refining industry. Due to the tremendous capital investment required to enter this industry, these companies are insulated significantly from the threat of new competitive entrants and thus have considerable control over price. This market situation is referred to as a (an)

The budget should use historical data:

a. Only as a stepping-off point for aiding projections into the future. b. Because things don't really change. c. And add a 5% growth factor for each year. d. Because management is satisfied with historical results.

In Microsoft Word 2010, Multiple linespacing is less open (less space between lines) than Single line spacing

Indicate whether the statement is true or false

Identification of goods is significant because:

A) It determines when the implied warranties become effective. B) It determines when a document of title is needed. C) It allows the contract to be a destination contract. D) It is the earliest that risk of loss can pass.

Which of the following financial statement(s) reports both current and noncurrent assets and liabilities? Government-wide Statementof Net PositionGeneral Fund BalanceSheetA)NoYesB)NoNoC)YesNoD)YesYes 

A. Choice A B. Choice B C. Choice C D. Choice D