Financial institutions must invest heavily in security safeguards because they are obvious targets for theft
Indicate whether the statement is true or false
TRUE
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There is a universal chart of accounts that is applicable to all businesses
a. True b. False Indicate whether the statement is true or false
For the year ended December 31, a company has revenues of $317,000 and expenses of $196,000. The company paid $50,000 in dividends during the year. The balance in the Retained earnings account before closing is $81,000. Which of the following entries would be used to close the dividends account?
A. Debit Dividends $50,000; credit Retained earnings $50,000. B. Debit Income Summary $81,000, credit Dividends $81,000. C. Debit Retained earnings $50,000; credit Dividends $50,000. D. Debit Income Summary $50,000; credit Retained earnings $50,000. E. Debit Retained earnings $81,000; credit Income Summary $81,000.
Which of the following groups is included in both a company's value chain and its value delivery network?
A) customers B) suppliers C) employees D) distributors E) competitors
Which of the following is mostl likely a disadvantage to firms who sue exporting as an entry strategy?
A) high cost of foreign market entry B) difficulties withdrawing from foreign markets C) high risk of low sales due to fluctuations in exchange rates D) high risk due to uncertainty in the political environment of the foreign market