Environmental uncertainty looks at the number of components in an organization's environment and the extent of the knowledge that the organization has about those components.

Answer the following statement true (T) or false (F)


False

Business

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Which of the following is an example of liability fraud?

a. Underrecording accounts payable b. Improperly capitalizing costs c. Overstating accounts receivable d. Recording fictitious sales

Business

Which of the following would be the best application of principles regarding gift giving to customers?

A) Give gifts before doing business with a customer. B) Determine the gift-receiving policy of the customer's company. C) Once begun, maintain a regular and consistent pattern of gift giving. D) Clearly explain the conditions you expect of the customer who accepts a gift. E) Give a gift proportional to the sale you expect to make from the customer.

Business

Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $107,000 in sales during the second quarter of this year. If it began the quarter with $18,700 of inventory at cost and purchased $72,700 of inventory during the quarter, its estimated ending inventory by the gross profit method is:

A. $32,100. B. $29,100. C. $22,470. D. $16,500. E. $18,700.

Business

All of the following will terminate a lease except the

a. condemnation of the leased premises. b. death of the landlord. c. destruction of the leased premises. d. end of the lease term.

Business