Beginning inventory + Net purchases – Ending inventory =
a. Gross profit; b. Ending inventory; c. Operating income; d. Cost of goods sold;
e. Merchandise available for sale.
D
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Which of the following statements about CEO compensation is accurate?
a. The ratio of CEO compensation to average nonmanagement employee compensation is about 20 to 1. b. The average pay of the 200 highest paid CEOs approaches $1 billion. c. Unlike employee and lower management compensation, CEO compensation is rarely tied to performance. d. According to the text, CEOs work on average fewer hours and at a less frenetic pace than most nonmanagement employees.
Briefly describe the three primary options for what can be evaluated in performance appraisals.
What will be an ideal response?
Which of the following statements about communication in today's workplace is most accurate?
A) Despite the increased use of social media networks, companies are reluctant to use social media sites such as Facebook and Twitter to conduct business. B) Individuals are using more mobile electronic devices to communicate with others. C) Because individuals are more dispersed, messages are longer and less frequent. D) Because of social media networks, today's communication includes more one-on-one conversations.
Which of the following is a difficult and nasty issue that can ensnarl the inexperienced entrepreneur even after they have made a sale to a customer?
a. Number of competitors b. Bank financing c. Revenue recognition d. Strategic timing