The accounting cycle is a series of steps that process the accounting information contained in its transactions, events, and arrangements. What are the steps involved in this task?
A. Record, organize, close, report
B. Organize, record, report, analyze
C. Record, organize, summarize, report
D. Analyze, prepare, record, report
Answer: C
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The personal characteristic of ______ refers to a person’s passion and perseverance for long-term goals.
A. teamwork B. stability C. grit D. personality
Twenty years after the Clayton Act, the growth of grocery store chains led many to fear that retail chains presented a threat to smaller, independent retailers. The federal government enacted the ________ to make it unlawful to discriminate in prices charged to different purchasers of the same product, where the effect may substantially lessen competition or help to create a monopoly.
A. Robinson-Patman Act B. Lanham Act C. Fair Trade Act D. Unfair Practices Act E. Clayton Act
Which of the following are impression management tactics?
a. self-promotion b. ingratiation c. exemplification d. all of the above
A patent can be issued in the U.S. even if the invention is known outside of the U.S., so long as the party applying for the patent in the U.S. is the first to apply for it in the U.S. since patent protection is domestic
a. True b. False Indicate whether the statement is true or false