When summer school classes at a university cover parts of two fiscal years, the revenues and expenses are:
A. All recognized in the first of the two years.
B. Apportioned to the two fiscal years.
C. All recognized in the second of the two years.
D. Recognized in the year in which the term was predominantly conducted.
Answer: B
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Los Amigos, a new Mexican restaurant, has set up shop across the street from Hot Tamales and More. Which of the following pricing strategies will Los Amigos likely use?
A) cost-plus B) competition-based C) break-even D) good-value E) target costing
Which of the following is true about managing relationships with service providers?
a. The outsourcing of services performed in-house to third-party service providers does not require any changes in the organizational structure. b. A company’s IT infrastructure must be reconfigured to monitor and manage the network of third-party service providers. c. The outsourcing of services does not require buying companies to develop multisourcing strategies. d. Managing a service provider is fairly simple and straightforward.
The first section of a balance sheet represents your
A) net worth. B) financial goals. C) assets. D) liabilities.
If a defendant does not respond to the plaintiff's complaint the court will:
a. presume the claims of the plaintiff are true and grant the plaintiff the relief requested in the complaint b. presume the claims of the plaintiff are false and not grant the plaintiff the relief requested in the complaint c. presume the claims of the defendant are false and not grant the plaintiff the relief requested in the complaint d. presume the defendant is dead and not grant the plaintiff the relief requested in the complaint e. none of the other choices are correct