When McDonald's purchased Donato's Pizza and a controlling interest in Chipotle Mexican Grills, the company was pursuing a ________ strategy
A) market development
B) product penetration
C) market penetration
D) diversification
E) product development
D
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Which policymaking institution determines the money supply, sets the rules for how checks are cleared and how banks obtain new currency, and determines what activities banks may or may not engage in?
A. Treasury Department. B. Commerce Department. C. Securities and Exchange Commission. D. Federal Reserve System.
What does an entity-relationship diagram represent? Why do accountants need to understand them?
Under an income statement prepared using absorption costing, expenses are grouped according to cost behavior.
Answer the following statement true (T) or false (F)
E. I. James is a writer with a best selling novel. He wishes to create a corporation called "James, Inc". He will be the only shareholder. Can James incorporate his business of writing?
a. Yes, this would be the incorporation of a sole proprietorship. b. No, the law requires at least two people to be shareholders of a corporation. c. No, the law does not permit a person to, in effect, incorporate himself. d. Only if he forms an S Corporation.