When two or more individuals engage in an enterprise as co-owners, the organization is known as a
a. partnership; b. cooperation; c. sole proprietorship; d. corporation; e. mutual agency
A
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Which of the following is not a component of the income statement?
A) unusual gains and losses B) net income C) income taxes D) accumulated other comprehensive income
Why is sustainable business local and global simultaneously?
A. Sustainability is a borderless concept. B. It requires a simultaneous focus inside the business and widely outside it. C. Because all business is global, and all business requires a local presence. D. Because we have no global businesses that are sustainable unless they are also local.
Describe the issue of domestic partner benefits.
What will be an ideal response?
Which of the following is true?
A) The adjusted cost of goods sold is equal to normal cost of goods sold plus or minus the overhead variance. B) If the overhead variance shows overapplied overhead, then that amount would be subtracted from normal cost of goods sold. C) Variances in overhead are expected every month. D) All of these are true. E) None of these are true.