Which of the following is true of assets?
A) Assets include cash, merchandise inventory, and accounts payable.
B) Assets are something of value the business owns or controls.
C) Assets do not need to provide future benefit to the business.
D) Assets can be recorded at the expected cost if acquired at a bargain.
B
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When a worker quits from a steel company and joins an automobile firm, what factor of mobility does this come under?
a. movement of factors of production between firms within an industry b. movement of factors of production across industries c. movement of factors of production between countries within an industry d. movement of factors of production between countries across industries
Which level of government, if any, has the constitutional power to create cities?
A) the federal B) the provincial C) the municipal D) no level of government – cities are created by a vote of the people of the area E) cities are created by the federal government after a referendum
Few Americans take advantage of their freedom to start a business.
Answer the following statement true (T) or false (F)
A ________ is a set of instructions for a person to follow when operating an information system
A) procedure B) metadata C) process D) database