Which of the following is an example of an accrual?
a. Debit Office Supplies Expense, credit Office Supplies
b. Debit Wages Expense, credit Wages Payable
c. Debit Rent Expense, credit Prepaid Rent
d. Debit Unearned Revenue, credit Revenue from Services
B
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________ final offer arbitration is when the arbitrator decides whether to accept either the union's or employer's final offer for each item in the negotiations.
Fill in the blank(s) with the appropriate word(s).
Which of the following best explains why an MPR professional would exclude executive photos from a press kit?
A) MPR professionals hesitate to reveal personal information about employees through media outlets. B) The precise quality and formatting needed for print media is difficult to achieve. C) Personal photographs often suggest a lack of depth and credibility for an organization. D) MPR professionals want to avoid prejudgment of an executive's abilities based on appearance. E) Legal concerns about copyright infringements for an organization are too significant.
Pastello, a bakery in New Jersey, needs to sell all the goods in its inventory before they perish. The bakery owners, Mark and Julia, plan to use the cash received from selling the goods to open a new outlet of Pastello in a different locality. In this scenario, the goods stored in Pastello's inventory represent its _____.
A. long-term liabilities B. current liabilities C. current assets D. defensive assets
Consumers' responsiveness or sensitivity to changes in prices is known as:
A. break-even B. equilibrium C. unitary revenue D. asymmetrical demand E. elasticity of demand