When a business has departmental operations, departmental reports are a part of the basic financial statements
Indicate whether the statement is true or false
false
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An OWMM arrangement reduces labor requirements but increases inventory
Indicate whether the statement is true or false
Mariah works in the public relations department of New Trends Sales Company. Her job includes portraying New Trends's activities in their best light. In this context, ethics consist of
A. a different set of principles from those that apply to other activities. B. the same moral principles that apply to non-business activities. C. those principles that produce the most favorable financial outcome. D. whatever saves New Trends's "face."
Able gets a judgment against Baker in state court for $50,000 on July 1. On July 15, Baker files a bankruptcy petition under Chapter 7. Which of the following is true?
A) Able is a lien creditor. B) A creditor with a security interest that was not perfected when the bankruptcy petition was filed has priority over Able. C) The judgment is a preferential transfer that will be invalidated by the trustee. D) Able will not be able to recover any of the judgment.
Basic packet switching technology has recently been developed to
replace circuit switching. Indicate whether the statement is true or false