Karlie Mack

question Liability accounts are increased by debits. answer F question The normal balance of the drawing account is a debit. answer T question When an account receivable is collected in cash, the total assets of the business increase. answer F question The journal includes both debit and credit accounts for each transaction. answer T question […]

question the role of a ____ is to provide direction and funding for a project answer project sponsor question a difference between strategic and tactical goals is that answer strategic goals are long term in nature whereas tactical goals are short term question it is mandatory for project managers working on large information technology projects […]

question In choosing a form of business organization for a new enterprise, important factors include the ease of creation. answer T question A sole proprietor may own and manage any type of business. answer T question One of the advantages of a sole proprietorship is that the owner is not liable for the losses of […]

question Which of the following statements is true of information systems? A) Every business process should include at least one information system. B) Information systems include all business process activities. C) Information systems should be bought entirely off-the-shelf. D) Every information system has at least one application. answer D) Every information system has at least […]

question Accounting answer a system designed to maintain the financial records of a business question Accounts payable answer expenses and disbursements paid out from a business question Audit trail answer method of tracking the accuracy and completeness of bookkeeping records question Bonding answer form of insurance that reimburses an employer for loss resulting from theft […]

question The digital revolution became a significant factor in the 1980s but ended in the 1990s when the “dot com” bubble burst. answer False question The first digital computer was developed for conducting the census. answer False question Facebook and Twitter are examples of social networking options. answer True question Privacy advocates fear that digital […]

question Information answer Conveys meaning and is useful to users. question User Interface answer You interact with a program through this, thereby controlling how you enter data and instructions and how information is displayed on the screen. question Point answer A mouse operation where you move the mouse until the pointer is positioned on the […]

question T/F: The process of managing inventories to minimize both holding costs and potential stock-out costs is called inventory control answer True question Operations control includes all of the following except answer basic research question In a service industry such as a package carrier, the ____ of the conversion process is usually small or none […]

question Writ of Certiorari answer A writ from a higher court asking a lower court for the record of a case. question Rule of Four answer A rule of the United States Supreme Court under which the Court will not issue a writ of certiorari unless at least four justices approve of the decision to […]

question Study of Ethics answer the study of how we try to live our lives according to a standard of “right” or “wrong” behavior–in both how we think and behave toward others and how we would like them to think and behave toward us. question Society answer a structured community of people bound together by […]

question Ad hoc Coalitions answer Bring diverse groups together to organize for or against particular legislation or regulation. question A pluralistic system invites many participants answer Why business should be involved in politics question Why Should business should be involved in politics- one reason answer Economic stakes are high for firms question Why business should […]

question Financial leverage emphasizes the impact of using debt in the business. answer True question The contribution margin is equal to price per unit minus total costs per unit. answer False question Use of financial leverage must consider risk, not just maximizing profit. answer True question Managers who are risk averse and uncertain about the […]

question The case of Apcar v. Gaus illustrates that it is essential to comply with all the technicalities of a limited liability partnership statute. answer T question Corporations have perpetual existence. answer T question The most common form of business ownership is the corporation. answer F question To be a close corporation, the business must […]

question Because message expectations and social conventions differ among cultures, effective communications adapt their strategies when communicating with various audiences answer True question The deductive or inductive method of organizing business messages depends on the probable reaction of the receiver to the message answer True question Good or neutral news messages follow a deductive sequence […]

question What is the major difference between a corporation and other kinds of businesses? answer A corporation has a separate entity apart from that of the owners and workers. question If a general partnership fails, who is responsible for the debts? answer all the partners question The government usually allows conglomerates because they answer do […]

question international division of labor answer In order for a country to specialize its production, what must there be? question specialized production answer The existence of an international division of labor among countries enables those countries to have what? question The international division of labor answer The global economy can have specialized production because of […]

question 21. Which of the following should be disclosed in a Summary of Significant Accounting Policies? a. Types of executory contracts b. Amount for cumulative effect of change in accounting principle c. Claims of equity holders d. Depreciation method followed answer d question 22. An example of an inventory accounting policy that should be disclosed […]

question Capital Markets: Investors, Creditors Marketplace: Customers, Suppliers Government Internal: Management, Employees answer Who are Stake Holders? question Generally Accepted Accounting Principle answer GAAP question A business is separate from its owner, transactions must be recorded separately to accurately reflect a business’ financial status answer Business Entity Concept question Assets = Liabilities + Stockholders Equity […]

question The accountant for Max Corp. failed to make the adjusting entry to record depreciation for the current year. The effect of this error is which of the following? answer Asset, net income, and stockholder’s equity are all overstated. question If a real estate company fails to accrue commission revenue answer assets are understated, and […]

question Brokerage Offices answer All brokers in the state of Florida must have a real estate office and must register that office with the DBPR. This is called the Primary office. All sales associates working under the broker’s direction must be registered and work from the broker’s primary office or a branch office. A sales […]

question The reliability of the content in Wikipedia, the online encyclopedia, is question able because… answer d. It is difficult to test the authenticity of the content due to the fact that anyone can contribute content. question Which of the following is the most appropriate wireless networking standard for creating personal area networks? answer d. […]

question In the years leading up to the War of 1812, Democratic-Republicans from the southern and western states who advocated going to war with Great Britain were known as answer War Hawks question The Election of 1800 was significant because it answer was the first peaceful transition of political power between opposing parties in U.S. […]