The European Union (EU) is demanding that all EU countries must have _______ of their transportation fuel come from renewable sources such as biofuel or wind power by 2020.
a. 10%
b. 15%
c. 73%
d. 98%
d. 98%
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Cash flows from acquiring and disposing of long-term assets are classified as
a. operating activities. b. investing activities. c. financing activities. d. purchasing activities.
Which of the following is an inherent limitation of internal controls?
a. Lack of auditor independence. b. Collusion. c. Separation of duties. d. Employee peer review.
Answer the following statements true (T) or false (F)
1) A business maintains a separate Accounts Receivable account for each customer in order to account for payments received from the customer and amounts still owed by the customer. 2) Because customers make payments on account throughout the period, the sum of all balances in subsidiary accounts receivable will not equal the control account balance. 3) By accepting credit and debit cards, companies are able to attract more customers. 4) When businesses accept payment by credit and debit cards, there is almost always a fee to the purchaser to cover the processing costs charged by the card issuer. 5) Sales through credit or debit cards transfer the risk of collection of receivables from the seller to the card issuer.
Which term below is defined as independent workers who supply organizations with part-time talent for projects that need to be completed within a certain amount of time?
a. Part-time workers b. Job sharers c. Free agents d. Telecommuters