Which statement is true about general purpose statements?
a. They support one main idea.
b. They refer to the overarching goal of the presentation.
c. They describe the precise goals of the presentation.
d. They ask a question.
b. They refer to the overarching goal of the presentation.
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In journalizing adjusting entries, Merchandise Inventory is credited for the amount of ending inventory
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The purpose of a commercial bank is to make a profit. 2. Commercial banks are the only legal system that can accept deposits from customers and provide them a checking account. 3. Mutual savings banks are depositor-owned, and are primarily concentrated in the New England states, New York, and New Jersey. 4. Only institutions that provide banking services qualify as financial institutions. 5. Insurance companies, pension funds, large brokerage houses, and consumer finance companies are all classified as nonbanking financial institutions because they act as sources and users of funds.
Bottom-up budgeting includes the process of distributing forecasting instructions and worksheets where:
A. firms furnish managers with the forms and instructions necessary to preplan increases. B. managers are presented statistical summaries of the forecasting data by each department. C. each manager's forecast is examined and changes based on noted inequities are recommended. D. managers are trained in the concepts of a sound pay-for-performance policy.
In the observation method, researchers monitor people's actions.
Answer the following statement true (T) or false (F)