Which of the following is/are generic term(s)?
A) Band-Aid
B) Jell-O
C) Aspirin
D) All of the above are generic.
C
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When using the direct method, how is the issuance of stock for cash shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
The selection of the most appropriate cost driver often requires considerable judgment in the absence of a strong cause-and-effect relationship.
Answer the following statement true (T) or false (F)
An account is said to have a debit balance if:
A) the amount of the debits exceeds the amount of the credits. B) there are more entries on the debit side than on the credit side. C) its normal balance is debit without regard to the amounts or number of entries on the debit side. D) the first entry of the accounting period was posted on the debit side.
Answer the following statement(s) true (T) or false (F)
1. Feedback leads to the psychological state of “experienced meaningfulness of work” according to the job characteristics model. 2. Job simplification makes jobs more specialized. 3. Qualitative forecasting uses mathematics to forecast future events based on historical data. 4. If you forecast correctly, you should not have to carry out layoffs very often.