What is the best definition of ownership? Ownership is the right to possess land or goods. Ownership is the right to possess land alone. Ownership is the right to purchase land or goods. Ownership is the right to purchase goods alone.

The number of subordinates reporting directly to one manager is called a. the chain of command. b. a decentralized organization. c. a centralized organization. d. the span of control. e. the management hierarchy.

Because colgate owns patent number 5,547,091, only colgate sells toothpaste with a flip-top cap, while others use the more traditional screw top.

Which of the statements below is TRUE? A. Accounting Identity is: Assets = Liabilities minus - Owners' Equity. B. Accounting Identity is: Liabilities = Assets + Owners' Equity. C. Accounting Identity is: Assets = Liabilities + Owners' Equity. D.

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,000. The division sales for the year were $960,000 and the variable costs were $475,000.

Irish Corporation issued (sold) 10,000 shares of its no-par common stock for $70 per share. The bylaws established a stated value of $10 per share. The transaction would increase the common stock account on the balance sheet by how much? A. $0. B.

7. Debt Irrelevance. Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share.

Which economic system has economic roles that are passed from generation to generation?

Kyle Carlson invested $10,000 in a savings account paying 12% interest compounded quarterly. Assuming that he makes no withdrawals, how much interest will he earn during the second quarter of the first year?

If a manager increases the system utilization standard (assuming no change in the customer arrival rate) what happens to the average customer time in the system? A. It increases exponentially. B. It increases proportionally. C.

Let a be the event that a student is enrolled in an accounting course, and let s be the event that a student is enrolled in a statistics course.