Lang Industries provided services to customers then sent invoices for the amounts owed. What effect does this transaction have on the accounting equation?
A) Assets and liabilities increase
B) Assets and retained earnings increase
C) Liabilities decrease and contributed capital increases
D) Assets and liabilities decrease
B
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What will be an ideal response?
Books can provide historical, in-depth data
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A proposal to build new roads in a small town is up for a vote. Voter B estimates that his marginal benefit of roads at the proposed new level would be $80 per year. This voter will vote against the proposal:
a. no matter what her tax share. b. if her tax share is $80. c. if her tax share is less than $80. d. if her tax share exceeds $80.
The statistical thinking underlying Six Sigma is based on the following three principles:
A) All activities can be controlled, employee empowerment is the best control tool, and 100 percent control is possible. B) All work is a process, all processes have variability, and all processes create data that explain variability. C) All work activities can be done accurately most of the time, empowered employees are necessary for effective control, and good statistical data are an empowered employee's best control tool. D) All work is a statistically controllable process, 100 percent control is possible, and every well-controlled process is defect free. E) Most business processes are subject to control, Six Sigma can remove variability in how processes are performed, and most defects can be eliminated.