The speed of the Internet and the pervasiveness of social media and viral communications mean that people and companies are always ________
A) viewed more favorably in a crisis
B) one step away from crisis
C) less vulnerable to a crisis
D) more glamorous after a crisis
B
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Industry boundaries are blurring rapidly as companies identify new opportunities at the intersection of two or more industries. This is called ________
A) globalization B) customization C) industry convergence D) disintermediation E) privatization
Management accounting information demands more objectivity than financial accounting information
Indicate whether the statement is true or false
The following information is available on a depreciable asset owned by Mutual Savings Bank: Purchase dateJuly 1, Year 1Purchase price$85,000Salvage value$10,000Useful life10 yearsDepreciation methodstraight-lineThe asset's book value is $70,000 on July 1, Year 3. On that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be:
A. $8,125.00 B. $7,375.00 C. $4,062.50 D. $7,812.50 E. $3,750.00
The business operating cycle has two components: the production cycle and the collection cycle
Indicate whether the statement is true or false.