Identify and define the three major types of bankruptcy.
What will be an ideal response?
Chapter 11 bankruptcy Provides the opportunity to reorganize and make the venture more solvent
Chapter 13 bankruptcy Voluntarily allows individuals with regular income the opportunity to make extended time payments
Chapter 7 bankruptcy Requires the venture to liquidate, either voluntarily or involuntarily
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Which of the following adjusting entries involves the cash account?
a. Deferred Revenue b. Accrued Asset c. Deferred Liability d. None of the Above
In the context of territory routing plans, acircular routing plan is best used when:
A. accounts are evenly dispersed throughout the territory. B. accounts are concentrated in different parts of the territory. C. accounts are located in linear clusters that are some distance from one another. D. accounts are held in major metropolitan areas. E. accounts are highly concentrated with locations controlled by a grid of city blocks.
Having an efficient supply chain is directly related to which element of value?
A. communicating value B. marketing value C. forecasting value D. delivering value E. creating value
What is required by the Sarbanes-Oxley Act of 2002 in regard to the certification of the accuracy of public companies' SEC filings and the adequacy of internal controls?
a. The chief executive officer, the chief financial officer, and all inside directors must certify the accuracy of public companies' SEC filings and the adequacy of internal controls. b. The chief executive officer, the chief financial officer, and any controlling shareholder must certify the accuracy of public companies' SEC filings and the adequacy of internal controls. c. The chief executive officer and the chief financial officer must certify the accuracy of public companies' SEC filings and the adequacy of internal controls. d. The chief executive officer, the chief financial officer, and all outside directors must certify the accuracy of public companies' SEC filings and the adequacy of internal controls.