A T account for each balance sheet and income statement account is needed to prepare the statement of cash flows
Indicate whether the statement is true or false
F
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A generic market is one in which
A. products from different industries compete for customers by trying to satisfy the same basic need. B. a number of firms are all offering new or improved products in an effort to increase sales. C. one seller has a patent for a superior product and other competitors imitate the leader with inferior products. D. no firm can establish a competitive advantage. E. None of these answers is correct.
Which of the following statements is false?
a. As the top level managers get older they are less likely to take risks and are not as concerned about short term gratification. b. As the level of experience of the top level managers increase, the likelihood of the top level managers committing fraud increases. c. The higher the level of formal education of the top level executive, the higher the level of moral development by the executive. d. The higher the level of self-control, the lower the likelihood that the executive will commit unethical behavior.
Budgets should be based on ideal standards to encourage everyone to reach for the highest level of performance
Indicate whether the statement is true or false
Which of the following is not a type of groupware?
A) Electronic calendars. B) Listservs and message boards. C) E-mail and instant messages. D) All of the above.