The assumption that in the absence of contrary information a business entity will continue indefinitely is the:

(A) Periodicity assumption. (B) Historical cost assumption. (C) Entity assumption. (D) Going concern assumption.

Gomer decides to spend an hour playing basketball rather than studying. his opportunity cost is:

Which of the following types of teams is the most autonomous? A. Self-managing teamsB. Quality circlesC. Semiautonomous work groupD. High-performance work teamsE. Self-designing teams

What is a trade balance? a. a method of determining which countries to trade with b. a method of comparing the value of currencies c. a comparison between a country's imports and exports d. a comparison between a country's taxes and services

Last year your performance was not very good and your performance rating was below average, but this year you have done very well exceeding your performance goals. to your surprise, your boss gives you just an average performance rating.

Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $435,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.

If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory turnover ratio will decrease. b.

Which of the following is a disadvantage of the sole proprietorship form of ownership

Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.

Which of the following is true of internal recruiting? a. It increases recruitment time and costs. b. It targets job applicants that do not currently work for the organization. c. It improves employee commitment and morale. d.