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- True or False: Write T if the statement is correct. If it is not, write F and state the reason briefly. (Please refer to the picture)Which of the following is most likely not an objective of financial statements? A. None of the above B. To provide information about the users of an entity’s financial statements. C.To provide information about the performance of an entity. D. To provide information about the financial position of an entity..**Documenting data in business reports Can strehten your argument Protects you from charges of plagiarism Helps the reader pursue the topic further Achieves all of these When you delete a control from a form, you also delete the data it contains. True or False When you import Excel data, you create a link to the data in the Access database. True or False
- True or False Selling the stock will earn more money than if they paid dividends-True or False If True-Explanation required If False-Explanation requiredTypical problems with IT cost estimates include: Estimates are done quickly, and people lack estimating experience. Human beings are biased towards overestimation. Top Management does not care about accuracy. All of the above.47) The customer is the person who pays everyone's salary and who decides whether a business is going to succeed or fail. Is this sentence valid A. False B. True C. Not applicable D. None of the above
- Which of the following is not a correct statement? a. Mass customization is an ability to make goods and services that global customers require at any volume and time. b. Innovative companies focus on outstanding product research, design, and development. c. Customers demand quick responses, short waiting times, and consistency in performance. d. Core competencies are strengths unique to an organization. e. Strategic planning does not help an organization build a strong position to achieve its goals, despite unforeseen external forces.4 Reporting financial information imposes costs and obviously these costs should be justified by the __________________of reporting that information. a. Quality b. Benefits c. Availability d. TimelinessWhich of the following statements is true? [S1] In a strong form efficient market, there is no mispriced assets. [S2] In a strong form efficient market, all information is equally available to all investors. a. Statement 2 only. b. Neither of Statement 1 nor 2. c. Both statements 1 and 2. d. Statement 1 only.
- Which of the following statements is correct? A. managers always optimize profits for fear of being terminated by the owner B. managers only aim for satisfactory level of profit because risks have big consequences which if realized may cause him losing his job C. managers are always risk takers or risk-seekers D. managers are risk averse if they are indifferent between a low-risk low return project and a high-risk high return project E. using a combination of different investment is a way to increase risk and uncertaintyMatch the business type to the description: Legal entity like a person, most are small firms, owned by stockholders, easier to raise money by selling stock, limited liability, potential perpetual life, may pay lower federal taxes, need a lawyer and have to pay a charter fee, have to pay federal corporate income tax as well as personal income taxes. Owned by two or more people, easier to raise more capital, work and responsibility can be divided, must be dissolved when one of the owner dies or wants to leave, unlimited liability. Owned by individuals, almost always a small business, owner is own boss, taxed only once, burden falls on owner's shoulders, owner may be sued, harder to raise money for capital as a small business A. Partnership B. Corporation C. ProprietorshipWhich of the following is true concerning organisations that use the abbreviation 'Ltd' after their business name? Select one: a. The organisation must have an allotted share capital of at least £50,000 b. Members can only pass resolutions at company meetings c. The organisation may choose to have a single director.
