According to the matching principle, short-term needs for funds should be financed by short-term sources of funds; long-term need for funds should be financed by long-term sources of funds
Indicate whether this statement is true or false.
Answer: TRUE
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In Figure 2.3, one ton of wheat can be produced at a cost of
a. one and two-thirds cars. b. two and one-third cars. c. three fifths of a car. d. three sevenths of a car.
Which of the following scenarios best exemplifies groupthink?
A. Four officers of Bisk Corp. devise a highly profitable plan. David, a manager, points out to the group that the plan will likely get the company a high amount of negative publicity. David states that he will not sanction the team's plan. B. Ten officers of Jekyll Inc. are planning a business enterprise they know to be highly profitable. Six know the plan to be illegal. Nevertheless, they do not voice their concerns, but go along with the team's plan. C. Ned, Oliver, and Phoebe draft plans for a new software company. They have all thoroughly researched their plans and no one has any criticisms or concerns. D. Barry, Ralph, and Ann are subordinates of a firm who report problems to their top managers without any fear.
Which of the following is most likely to be an objective of only a government-controlled firm?
A) maintaining employment B) increasing profit in the long run C) increasing market share D) short-term profit
A company that manufactures potato chips would probably use a process costing system
Indicate whether the statement is true or false