If a merchant displays a coat at a particular price, he has a binding requirement to sell at that price
Indicate whether the statement is true or false
False
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Which of the following statements is true about the trends in world economy?
A) Global economic activity will shift from the East to the West. B) The demand for natural resources will continue to grow. C) Shifts in consumer segments will not affect the consumer marketplace. D) An aging worldwide population will demand decreasing levels of productivity.
Which of these always cause a decrease in owner's equity?
a. an increase in expenses and an increase in revenue; b. a decrease in expenses and a decrease in revenue; c. a decrease in expenses and a decrease in capital; d. a decrease in expenses and an increase in revenue; e. none of these.
The budget is an important source of feedback for an organization
Indicate whether the statement is true or false
Directors usually declare dividends less than the legal maximum and thereby allow retained earnings to increase as a matter of corporate financial policy for what reason(s)?
a. Available cash did not increase by as much as the amount of earnings, so paying the maximum legally permitted dividends would require raising more cash. b. Restricting dividends in prosperous years may permit continued level or steadily growing dividend payments in poor years. c. The firm may need funds for expansion of working capital or for plant and equipment. d. The firm can distribute the funds to shareholders with lower tax burdens for them by using the cash to repurchase shares. e. all of the above