Verlin wants to avoid a common mistake often made by new entrepreneurs. Which of the following would you advise him to do?
A. Spend as little as possible.
B. Carry no inventory.
C. Be sure to have adequate financing.
D. Do without anything that is not absolutely essential.
Answer: C
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One of the best ways to encourage another person to listen to you is to:
a. Listen to her first b. Rehearse what you will say before confronting the other person about a problem c. Change your attitude and forget about the problem d. Communicate your feelings verbally and not behaviorally
Pension plans may provide immediate retirement benefits for disabled previous employees
Indicate whether the statement is true or false.
Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?
A. Expense recognition (Matching) principle. B. Business entity assumption. C. Going-concern assumption. D. Measurement (Cost) principle. E. Consideration assumption.
Ford manufactured its Pinto auto (a subcompact car) from 1968 to 1980. The gas tank was rigidly mounted and the top of the tank was the floor of the trunk compartment. There was no shield to prevent the spread of fire into the auto. Fox sustained severe burns when his Pinto was hit from behind and exploded into flames. Discuss possible theories of recovery for Fox