QUESTION Because they own a lot of valuable items that make more money, wealthy people become even more wealthy. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A publicly traded company is A) a company that is family-owned and –founded. B) a company that is funded primarily through federal income taxes levied by the government. C) a company that is owned by its employees. D) a company that issues stock for people to buy on a stock exchange or other markets. […]
Date: September 3rd, 2020
QUESTION What is an important benefit of the practice of paying yourself first? A) The practice enables you to treat yourself to lavish purchases. B) You keep all your money in a liquid form that you can easily access as needed. C) You can pay off your largest bills in a more timely manner. D) […]
Date: September 3rd, 2020
QUESTION An annual report is A) a description of a firm’s financials, distributed to everyone who owns stock in the firm. B) a statement describing market growth in a specific industry, such as automotive or telecommunications. C) a set of documents explaining trends and challenges in a nation’s economy. D) a booklet published by the […]
Date: September 3rd, 2020
QUESTION Liquidity is the ability of an asset to be converted into cash. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Which of the following is NOT true about open book management? A) Employees are encouraged to suggest ways to improve the company’s performance. B) Employees directly review their managers’ on-the-job performance. C) Employees have access to the firm’s financial statements and other information about the company’s performance. D) Employees see how their performance affects […]
Date: September 3rd, 2020
QUESTION Interest is A) the fee that a bank or other institution pays you for the use of your money. B) the fee that you pay a bank in order to use a personal or business checking account. C) the money you set aside in a savings account every time you get paid. D) the […]
Date: September 3rd, 2020
QUESTION Which of the following is the most likely objection to open book management? A) Employees will feel disrespected by management if the company’s financial performance is poor. B) The company will be violating laws about keeping financial information confidential. C) The firm’s financial information will get into the hands of competitors. D) Employees will […]
Date: September 3rd, 2020
QUESTION The fundamental accounting equation is Assets = Liabilities + Owners’ Equity. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Open book management improves employees’ quality of life because A) it creates a work environment characterized by reduced stress. B) it ensures employees a steady paycheck. C) it enables employees to buy higher-quality goods and services. D) it frees employees from having to contribute ideas for improving the company’s performance. ANSWER A
Date: September 3rd, 2020
