The decision to pay a cash dividend is within the jurisdiction of ________

A) the SEC
B) the board of directors of the firm
C) the firm's largest labor union
D) the largest shareholders of the firm


Answer: B

Business

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As used in accounting, the "Notes to the Financial Statement" should be:

a. Listed with the liabilities on the balance sheet b. Omitted at the option of the company c. Included as an integral part of the financial statements d. Reported as expenses on the Income Statement

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According to the text, in economies like those that made up the former Soviet Union, accounting standards are relatively less complex due to the fact that they are just beginning to be developed

a. True b. False Indicate whether the statement is true or false

Business

Edwin Ghiselli identified ______ as the most important trait for effective leadership.

a. decisiveness b. supervisory ability c. initiative d. intelligence

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The significance of a risk is assessed in terms of the ________ and the impact of the event.

Fill in the blank(s) with the appropriate word(s).

Business