An operational budget is a short-term financial plan that coordinates activities needed to achieve short-term goals
Indicate whether the statement is true or false
TRUE
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Articles of incorporation, prepared by a business that wishes to incorporate, normally include, but are not limited to, the corporation's name and purpose, its location, and provisions for capital stock.
Answer the following statement true (T) or false (F)
Return on equity can increase as a result of an increase in which of the following ratios?
A) Net income/ sales B) Sales/ total assets C) Total assets/ equity D) All of the above will have a positive influence on the ROE.
Which of the following is a potential benefit of an informal organization?
A. It completely discourages negative attitudes. B. It provides a safety valve for employee emotions. C. It implements organizational changes without resistance. D. It avoids interpersonal and intergroup conflicts.
Gains and losses on the sale of equity investments are reported as nonoperating revenues and expenses in the income statement.
Answer the following statement true (T) or false (F)