A(n) ______________________________, also called a computerized collaborative work system, consists of the hardware, software, people, databases, and procedures needed to provide effective support in group decision-making settings.
Fill in the blank(s) with the appropriate word(s).
GDSS
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Which of the following concepts is important to accrual accounting?
a. Time period, because accrual accounting divides earnings into time periods b. Monetary unit, because inflation is a big factor in the environment c. Cash basis, because if cash is not received, revenue is not accrued d. Entity concept, because personal transactions must be separated from business transactions
Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership. After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value), the business is left with $56,000 cash. As a result, Ryan will receive ________.
The balance sheet of Ryan and Peter's partnership as of December 31, 2018, is given below.
A) $26,000
B) $30,000
C) $56,000
D) $36,000
Which of the following accounts would not be classified as an intangible?
a. Franchises b. Research and development c. Patent d. Trademarks e. Goodwill
Which of the following is true about a majority decision reached by the U.S. Supreme Court?
A) All the judges agree as to the outcome and reasoning used to decide a case. B) A majority of the judges agree as to the outcome but not the reasoning used to decide a case. C) A majority of the justices agree as to the outcome and reasoning used to decide a case. D) An equal number of judges vote for and against the petitioner and the case remains undecided.