The entrepreneur's ability to recognize a business opportunity is a result of his or her knowledge and experience.
Answer the following statement true (T) or false (F)
True
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Langley Company received merchandise on December 31, 2016. Langley failed to record the purchase on account because the invoice was inadvertently destroyed. The merchandise was, however, included in ending inventory. What would be the effect of this event on the financial statements as of December 31, 2016?
A) assets and liabilities would be understated B) assets and owners' equity would be overstated C) liabilities would be understated and retained earnings overstated D) liabilities would be overstated and retained earnings understated
Which philosophy has the best chance of preventing out-group formation in the first place?
a. the granting of autonomy b. the withholding of autonomy c. the creation and distribution of interesting assignments d. leading with love
Which of the following is true of the Brundtland Commission?
A. It was charged with developing recommendations for paths toward economic and social development at the expense of underdeveloped and developing countries. B. It criticized the report from the United Nations' World Commission on Environment and Development published in 1987. C. It was named after the place in Norway where the summit was conducted for the first time. D. It defined sustainable development as development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Acknowledging you made a mistake is an example of negative assertion
Indicate whether the statement is true or false.