The 15-15 Rule states that if a project is more than 15 percent over budget or 15 percent off the desired schedule, it will likely never recoup the time or cost necessary to be considered successful.
Answer the following statement true (T) or false (F)
True
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________ is the world's fastest-growing retail market.
A. Russia B. India C. Brazil D. the United States E. China
Which of the following is NOT a question that managers should ask of themselves before they collect, store, and release potentially private information?
a. What is the nature of the data? b. Who should have access to the information? c. Who is responsible for screening potential users to ensure they have a valid reason to request access to the information? d. What is the financial value of the data being collected?
Ordinary words or symbols that have taken on a secondary meaning can qualify as marks.
Answer the following statement true (T) or false (F)
Alpha Company has assets of $640,000, liabilities of $270,000, and equity of $370,000. It buys office equipment on credit for $95,000. What would be the effects of this transaction on the accounting equation?
A. Assets decrease by $95,000 and expenses decrease by $95,000. B. Liabilities increase by $95,000 and expenses decrease by $95,000. C. Assets increase by $95,000 and liabilities increase by $95,000. D. Assets increase by $95,000 and expenses increase by $95,000. E. Assets increase by $95,000 and expenses decrease by $95,000.