It's been George's "baby" from the beginning and he really doesn't want to be accountable to any outsider for the decisions he makes in his business. In George's case, he should seek initially to secure _____ financing.

A. debt
B. equity
C. internal
D. asset


Answer: A

Business

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On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available:Beginning inventory, January 1: $4,000Net sales: $80,000Net purchases: $78,000The company's gross margin ratio is 25%. Using the gross profit method, the cost of goods sold would be:

A. $60,000. B. $63,000. C. $19,500. D. $20,000. E. $58,500.

Business

Dylan’s office is small and has no window. In contrast, his boss has a large corner office with a beautiful view of the city. Dylan accepts that his boss has better office because his boss is higher in the hierarchy than Dylan is. This type of acceptance by Dylan is similar to how some societies accept ______, a dimension in Hofstede’s study of work values.

A. individualism–collectivism B. masculinity–femininity C. power distance D. uncertainty avoidance

Business

A company's quick assets are $173,000 and its current liabilities are $151,000. This company's acid-test ratio is 1.15.

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

Business

In a meta-analysis of the relationship between state positive affect and job satisfaction, researchers found

a. a negligible relationship between the two b. an impressive positive correlation between the two c. a small negative relationship between the two d. the relationship between state positive affect and job satisfaction disappeared once the researchers controlled for satisfaction with the core job facets (pay, supervision, coworkers, etc.)

Business