If organizational culture and leadership are identified as barriers to change, then they would be called ______.
a. disincentives
b. a competitive disadvantage
c. motivators
d. economic challengers
b. a competitive disadvantage
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Which of the following is true of the right to disaffirm?
A. If there was no reason to know of the other party's lack of capacity, the contract can be disaffirmed without placing him or her in status quo. B. People lacking mental capacity cannot disaffirm their contracts. C. If the plaintiff knew or should have known of the other party's incapacity, the person lacking such capacity is not allowed to disaffirm without restoring the status quo. D. On disaffirmance, people lacking mental capacity must return any consideration that they had received.
Why is it that horizontal analysis is performed only on the income statement and balance sheet, but not on the statement of cash flows?
a. When searching for fraud, examining the statement of cash flows is not as effective as comparing actual changes in account balances. b. Horizontal analysis converts balance sheet and income statement to change statements whereas the statement of cash flow is already a change statement. c. The statement cash flow of cash flows does not provide any valuable fraud-related information. d. Horizontal analysis of balance sheets and income statements is relatively easy, while applying the same procedure to the statement cash flows is complicated.
Andrew has been hired to do some work for Rossi Enterprises. What factors would a court consider in determining if Andrew is an employee or an independent contractor? Why does the designation matter?
When a company is preparing a budgeted statement of cash flows, the payments to suppliers for purchases of direct materials can be obtained from the ________
A) cash budget B) sales budget C) production budget D) budgeted balance sheet