Us checks and balance Study guides, Revision notes & Summaries

What is accounting? - Correct answer-the action or process of keeping financial accounts revenues - Correct answer-inflows of assets resulting from the sale of goods and services expenses - Correct answer-outflow of assets resulting from the sale of goods and services internal user - Correct answer-managerial accounting external user - Correct answer-financial accounting who is responsible for GAAP - Correct answer-FASB accounting equation - Correct answer-assets = liabilities + owners ...

TESTBANK FOR Corporate Finance, 3rd Edition by Jonathan Berk and Peter DeMarzo Corporate Finance, 3e (Berk/DeMarzo) Chapter 1 The Corporation 1.1 The Four Types of Firms 1) A sole proprietorship is owned by: A) one person. B) two of more persons. C) shareholders. D) bankers. Answer: A Diff: 1 Section: 1.1 The Four Types of Firms Skill: Definition 2) Which of the following organization forms for a business does NOT avoid double taxation? A) Limited partnership B) "C" corpora...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

Seasonal changes - Answer- moon orbits earth once per month Yearly Changes - Answer- earth orbits around the moon one time per year physical change - Answer- A change in a substance that does not change its identity chemical change - Answer- charastics change in state or phase transformation of energy examples - Answer- Chemical Energy is converted to Electrical Energy (stove), Kinetic Energy (car), Electricity (power plant), and Mechanical Energy (space shuttle). Electricity is conv...

ETS Major Field Test (Practice Test): Bachelor's Degree in Business. The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI Under the Uniform Comm...

business law Collin College -Introductory Business Law (CLEP) with answers graded A+law - correct answer a representation of a set of rules or principles established by government or other controlling body that members of society must follow and obey legal system - correct answer a system of established laws civil law (code law) - correct answer a legal system which has a single comprehensive code as the core of its law common law (case law) - correct answer judge-made law, whereby judg...

What type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWER-Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWER-Buy a call, sell a call (The holder of a call has the right to buy stock at the strike price if exercised. The seller of a put is obligated to buy stock at the strike price if exercised) Options- a premium - ANSWER-the cost of an option contract, expressed in dollars per sh...

FCLE STUDY GUIDE WITH COMPLETE SOLUTION. I. American Democracy 1. What form does the US government have? Representative democracy 2. What was one of the main reasons the English colonists came to the New World? The opportunity to make money 3. What right are stated in the Declaration of Independence? Rights of life, liberty, and the pursuit of happiness 4. What were the reasons the colonists separated from England? Taxation without representation 5. How did the French and Indian War (1...

Introductory Business Law (CLEP)law - correct answer a representation of a set of rules or principles established by government or other controlling body that members of society must follow and obey legal system - correct answer a system of established laws civil law (code law) - correct answer a legal system which has a single comprehensive code as the core of its law common law (case law) - correct answer judge-made law, whereby judges make decisions on a case-by-case basis, and those...

Introductory Business Law (CLEP) fully solved graded A+law - correct answer a representation of a set of rules or principles established by government or other controlling body that members of society must follow and obey legal system - correct answer a system of established laws civil law (code law) - correct answer a legal system which has a single comprehensive code as the core of its law common law (case law) - correct answer judge-made law, whereby judges make decisions on a case-b...