Operating expenses include which of the following?
a. cost of goods sold
b. liabilities, deferred expenses, and assets
c. sales expense and administrative and general expenses
d. amortization and interest expense
c. sales expense and administrative and general expenses
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The Smoot-Hawley Tariff Act of 1930 has generally been associated with
a. falling tariffs. b. increases in the volume of trade. c. intensifying the worldwide depression. d. efforts to liberalize nontariff trade barriers.
The term "accounting independence" refers to
a. data integrity b. separation of duties, such as record keeping and custody of physical resources c. generation of accurate and timely information d. business segmentation by function
Other income and expenses are items that are not related to the primary operating activity
Indicate whether the statement is true or false
Servant leadership has been called a paradox because ______.
A. it is not a trait but a behavior that can be learned B. it asks leaders to serve and influence others at the same time C. it is both a theory and an approach D. followers grow while being served