Net profit ratio equals operating income divided by net sales
Indicate whether the statement is true or false
F
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A cost is classified as an overhead cost if it is not directly traceable to an end product or a cost object
Indicate whether the statement is true or false
The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:
A. Measurement (Cost) Principle. B. Going-concern assumption. C. Business entity assumption. D. Monetary unit assumption. E. Objectivity principle.
Whether or not key publics were missed in the original determination of stakeholder groups relates to which phase of research?
A. Outputs D. Implementation B. Outcomes E. Impact C. Preparation
Which of the following is NOT a condition for small and medium businesses to flourish in a country?
a. Entrepreneurship education b. Support from government c. Cultural and social norms d. Large population size