What is the extent to which an organization conforms to local, state, federal, and international laws known as?
A) Government agency support
B) Social responsibility
C) Legal compliance
D) Political action
E) Free-trade
Answer: C
Explanation: C) Legal compliance is the extent to which the organization conforms to local, state, federal, and international laws.
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Financial ratio, percentage, and trend comparisons can be distorted by all of the following except:
a. aggressive revenue recognition practices. b. the timing of asset purchases. c. accounting for similar economic fundamentals in similar fashion. d. the presence of nonrecurring items among the firms being analyzed.
A service refers to an activity, benefit, or satisfaction offered for sale that is essentially intangible and does not result in the ownership of anything
Indicate whether the statement is true or false
What is the follow-up step of the selling process? Why is it important?
What will be an ideal response?
During 2009, Tempo Inc has monthly cash expenses of $120,000. On December 31, 2009, their cash balance is $1,860,000. The ratio of cash to monthly cash expenses is
A) 6.5 B) 15.5 C) 77.4 D) 12.0