A business entity is an individual, association, or organization that engages in economic activities but has no control over economic resources
Indicate whether the statement is true or false
F
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A physical inventory is usually taken
a. in the middle of the fiscal year. b. at the peak of the busy season. c. at the end of the fiscal year. d. when the perpetual inventory system, but not the periodic inventory system, is being used.
Total variable and fixed costs will be the same regardless of how many units are produced
Indicate whether the statement is true or false
Rank the key steps in information development from most to least important and justify your rankings
What will be an ideal response?
Sustainability is defined as the
A. effort to minimize the use of resources, especially those that are polluting and non-renewable. B. minimization of costs to achieve profits and be able to offer prices that are attractive to consumers. C. fast and timely execution, response, and delivery of results. D. introduction of new goods and services into the market. E. speed and dependability with which an organization delivers what customers want.