Answer the following statements true (T) or false (F)
1. Revenue is realized when a product or service is exchanged for cash or a promise to pay cash or other assets that can be converted into cash.
2. Revenue must be realized (or realizable) and earned to be recognized
3. Channel stuffing is an improper practice used to boost sales by inducing distributors to buy more inventory than they can promptly resell.
4. The return of vendor purchases is a part of the revenue process
5. The revenue process affects numerous accounts in the financial statements
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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Which of the following is a secondary trait of leadership?
A. Desire to lead B. Personal drive and energy C. Honesty and integrity D. Cognitive ability
A team’s collective effort to purposefully understand antecedents and consequences associated with actions is:
a. team self-goal-setting b. team self-observation c. team self-reward d. team rehearsal
What is an SBU? What criteria may be used to divide businesses into SBUs?
What will be an ideal response?
Which of the following will increase sustainable growth?
A. Buy back existing stock B. Decrease debt C. Increase profit margin D. Increase asset requirement or asset turnover ratio E. Increase dividend payout ratio