Profit opportunity and risk do not affect global trade

a. True
b. False
Indicate whether the statement is true or false


False

Business

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The basis used in computing unit cost for the process costing system is made up of certain specific jobs worked on during the fiscal year

Indicate whether the statement is true or false

Business

A computer program or an electronic or other automated means used independently to initiate an action or respond to electronic records or performances in whole or in part, without review or action by an individual, is known as ________

A) electronic agent B) electronic record C) digital mapper D) automation

Business

Identify each of the following business activities into the appropriate category: Operating, Investing, or Financing.

A. Paid utilities expenses. B. Paid employee wages. C. Dividends to stockholders. D. Borrowed money from a bank on a long-term note. E. Received investment from stockholder. F. Paid an amount due on a long-term bank loan. G. Purchase of land. H. Sale of used equipment.

Business

________ are three of the eight quality management principles for organizational improvement.

A. Conflicted supplier relationships, process approach, and leadership B. Customer focus, leadership, and policy approach C. Customer focus, continual improvement, and involvement of people D. Continuous improvement, cost control, employee motivation

Business