A general partnership is valid only if it is carried out for profit

Indicate whether the statement is true or false


TRUE

Business

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The Yellow Canoe Company made year-end adjusting entries affecting each of the following accounts: Interest Revenue (credited); Depreciation Expense (debited); Unearned Rental Revenue (debited); and Prepaid Insurance (credited). Which account is likely to appear in Yellow Canoe's reversing entries?

A) Prepaid Insurance B) Interest Revenue C) Depreciation Expense D) None of these answer choices is correct.

Business

The three main categories of influences that affect the consumer decision-making process are ________.

A. environmental, familial, and sociocultural B. environmental, personal, and sociocultural C. internal, situational, and social D. physical, emotional, and behavioral E. sociocultural, behavioral, and external

Business

Justin purchased a soda pop because it looked good. He did not take the time to research all the different sodas on the market. If he doesn’t like it, he won’t lose much money. Justin made what kind of decision when purchasing the soda pop?

a. Tactical decisions b. Strategic decisions c. Operational decisions d. Satisficing decisions

Business

In the analysis and interpretation of statistical results of people's opinions, likes, and preferences, it is best to describe results in which of the following ways?

a. raw numbers b. tabulated data c. percentages d. none of the above

Business