________ is high in an industry when alternative products that offer attractive savings are available
A) The power of suppliers
B) The threat of substitutes
C) Network effects
D) The switching cost
B
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The PCAOB has how many board members?
a. Three b. Five c. Seven d. Nine
Answer the following statements true (T) or false (F)
1. Research has shown that grit may be as important as intelligence on the job. 2. The most well-known motivation theory is Maslow’s hierarchy of needs. 3. According to Maslow’s hierarchy of needs theory, when a need is not satisfied it is set aside and other needs are focused on. 4. To motivate people, leaders need to focus on hygiene factors. 5. A goal such as “do your best” is more effective than specific goals.
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials. How should Andrews record the purchase of raw materials for March?
A. Debit Accounts Payable $165,000; credit Raw Materials Inventory $165,000 B. Debit Work in Process Inventory $165,000; credit Raw Materials Inventory $165,000 C. Debit Raw Materials Inventory $165,000; credit Accounts Payable $165,000 D. Debit Raw Materials Inventory $187,000; credit Cash $187,000 E. Debit Accounts Payable $187,000; credit Raw Materials Inventory $187,000
Which of the following is true of financial institutions??
A. ?Financial institutions are the regulators of interest rates and other returns in financial markets. B. ?Financial institutions require an understanding of factors that cause interest rates and other returns in the financial markets to rise and fall. C. ?Financial institutions are accountable and responsible in reporting financial information for publicly traded corporations. D. ?Financial institutions are required by the Sarbanes-Oxley Act to disclose the environment-friendly measures taken by investment corporations. E. ?Financial institutions require public corporations to adopt socially responsible work practices.