Your firm is a full-service, specialty-line wholesaler, and you own display shelves in discount stores. Your firm is a
A. specialty-line wholesaler.
B. full-service wholesaler.
C. general-line wholesaler.
D. merchant wholesaler.
E. rack jobber.
Answer: E
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A contingent loss should be disclosed in a note to the financial statements but should not be recorded as a liability if the
a. possibility of loss is remote. b. actual incurrence of a loss is reasonably possible. c. outcome is uncertain. d. contingency involves pending or threatened litigation.
______________ is based on the principle of utility where each person’s actions add to the overall utility of the community impacted by his or her actions.
a. Utilitarianism b. Sidgwick’s dualism c. Ethical egoism d. Kant’s ethics
Answer the following statement(s) true (T) or false (F)
1. Business acumen, an area of management dealing with quantitative information such as metrics and data analytics, is expected to grow in HR departments. 2. Revenue centers?are departments that generate monetary returns for the organization. 3. A productivity center is a revenue center that enhances the profitability of the organization through enhancing the productivity of the people within the organization. 4. Staffing includes all the things an organization needs to do to get people interested in working for the organization, including recruitment and selection. 5. Staff managers are like internal consultants for the company.
Many financial planners have suggested that you
A) purchase term insurance instead of cash value insurance, and invest the difference. B) purchase cash value insurance instead of term insurance, and invest the difference. C) purchase universal life insurance instead of variable life insurance, and invest the difference. D) purchase variable life insurance instead of universal life insurance, and invest the difference.