Which of the following does the accounting equation state?
A. Revenue = Expense
B. Liabilities = Owners' Equity
C. Assets = Liabilities + Owners' Equity
D. Net income = Long-term Liabilities
Answer: C
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Explain the concepts "agency at will" and "agency coupled with an interest."
What will be an ideal response?
Which of the following is most closely associated with authoritarian leadership?
a. two-way communication b. abusive supervision c. loose hierarchy d. a culture of independent thinkers
Successful public managers hoping to lead change must:
A) Assess the organizations’ environments and the need for change B) Plan for change both strategically and pragmatically C) Institutionalize the changes D) All of the above
Which of the following is not true regarding standards?
A. In Europe, the most popular standard for quality is the ISO 9000 collection. B. The ISO 1400 series of standards is for managing environmental issues. C. The most comprehensive of the standards is now ISO 9001, which the U.S. has adopted as ANSI/ASQC Q9001. D. In general, companies that want to do business in the U.S. must have at least ISO 9000 registration. E. In the U.S., standards used by organizations are commonly based on those developed by the American Society for Testing and Materials.