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Question
Why is it not a good idea to rely on your income statement to run your business?A) The income statement records cash when it comes into the business.
B) The income statement adds non-cash expenses back to the business's earnings.
C) The income statement deducts non-cash expenses, such as depreciation, even when no
cash is actually flowing out of the business.
D) The income statement usually contains errors that other statements don't have.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Why is it not a good idea to tell investors in your business plan that your exit strategy is simply "to take the business public"?
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One of the advantages of an Employee Stock Ownership Plan is that ________.
A) the owner will have to look for buyers in the general public
B) it will prevent employees from having control of the company
C) employees will likely quit and leave
D) ESOPs offer tax breaks to the company
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Describe three simple methods that can be used to estimate a selling price for a business:
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Which of the following is not a benefit of franchising to the franchisor?
A) growth with minimal capital investment
B) higher marketing and promotional costs
C) royalties
D) the minimal number of regulations regarding franchising
Q:
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A) product life cycle
B) product line extension program
C) brand
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A ________ is a business that markets a product or service in the manner prescribed by the parent business.
A) license
B) franchise
C) replica
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Explain replication strategies and harvesting and how they differ.
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Companies that have faced ethical scandals typically did not have ________ in place to ensure that managers did not misuse funds or otherwise behave illegally or unethically.
A) better business regulations
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C) corporate governance
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Q:
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A) 50 -100
B) 50 - 200
C) 10 - 50
D) 250 - 1000
Q:
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A) line
B) staff
C) flat
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Why is it important for an entrepreneur to pay him/herself regularly in a consistent manner out of the business's earnings?
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A) asset optimization
B) expense constraints
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Q:
If a business owner wants his/her pay to be a variable operating cost, a ________ is most appropriate.
A) bonus
B) wage
C) salary
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Q:
The central focus of total quality management (TQM) is continuous improvement.
Q:
________, an American economist, argued that business should focus on making quality products instead of maximizing profits - and that profit would follow.
A) Conrad Hilton
B) W. Edwards Deming
C) Paul Samuelson
D) Adam Smith
Q:
What organization administers the Malcolm Baldrige National Quality Award?
A) United Nations (UN)
B) National Aeronautical and Space Administration (NASA)
C) National Institute of Standards and Technology (NIST)
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________ are three of the eight quality management principles for organizational improvement.
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B) Sufficiency levels
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Factors to consider when selecting a ________ include charging a price you are willing to pay and timely delivery.
A) customer
B) supplier
C) sales representative
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What is used to identify and distinguish the source of a service rather than a product?
A) sales mark
B) trademark
C) service mark
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B) register your business name
C) protect all your intellectual property
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Q:
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A) arbitration
B) motion
C) mediation
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B) Contracts
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