The Regulatory Flexibility Act has helped reduce record-keeping burdens for Hometown Gas Company and other small business firms in the area of
A. accounting practices.
B. asset acquisition.
C. hazardous waste management.
D. tax reporting.
Answer: C
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A firm can improve its operational capabilities by ______.
A. leveraging only its own current resources B. leveraging the resources of its supply chain partners C. by focusing only on economic value D. by focusing only on both social and economic value
An analysis of the accounts disclosed the following transactions: 1 . production machinery was purchased for $4,500 cash; 2 . $10,000 was borrowed on a long-term note; 3 . 1,000 shares of $5 par value common stock were issued at par for cash; 4 . cash dividends of $2,000 were paid; 5 . an investment was sold for $23,000; 6 . $50,000 in bonds were retired at maturity at face value; 7 . a plant
asset was sold for $4,500 (at book value). The net cash provided from financing activities was a: a. $35,000 decrease. b. $14,000 decrease. c. $23,000 increase. d. $14,000 decrease. e. $37,000 decrease.
Which of the following is true of the Fair Labor Standards Act?
A) It requires that contractors and subcontractors working on government projects pay the prevailing wage. B) It requires that employees who work more than 40 hours in a week be paid twice their regular wage for all the hours beyond the standard 40-hour workweek. C) Employees who receive a significant portion of their income from tips are entitled to a wage higher than the minimum wage from their employer. D) It covers all employers engaged in interstate commerce or the production of goods for interstate commerce.
Which of the following is a drawback of using profit sharing?
A. It increases the probability of individual competition. B. It runs the risk of contributing to employee dissatisfaction. C. It fails to make labor costs more variable. D. It promotes competition between work groups. E. It promotes individual goals rather than organizational goals.