Which of the following dimensions of the business environment covers the measurable characteristics of a population?
A. The economic environment
B. The technological environment
C. The competitive environment
D. The social environment
Answer: D
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In a job-order costing system, the net cost of normal spoilage is equal to
a. estimated disposal value plus the cost of spoiled work. b. the cost of spoiled work minus estimated spoilage cost. c. the units of spoiled work times the predetermined overhead rate. d. the cost of spoiled work minus the estimated disposal value.
Utilitarianism directs an individual to choose the action that provides the greatest good for the greatest number of people
Indicate whether the statement is true or false
A linkage between the financial statements includes which of the following?
a. net income from the balance sheet is entered into the income statement b. net income from the income statement is entered into the retained earnings in the balance sheet c. assets have to equal liabilities d. cash is the total expenses on the income report
One of the methods for computing a company's valuation is called the market-based technique. This means to look at a company as assets minus liabilities.
Answer the following statement true (T) or false (F)