Before agreeing to an interview, you should:
a. Ask the reporter which organization he or she works for
b. Consult with professionals in your own organization
c. Trust your instincts
d. Find out who else is participating in the interview
e. All of the above
e
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When a country can produce a larger amount of a good or service for the same amount of inputs as another country or when it can produce the same amount of a good or service using fewer inputs than another country is known as the theory of:
a. absolute advantage b. comparative advantage c. resource endowment d. Both 1 and 3.
Slumberland sold an $800 couch to Charles, and he paid cash. The sales tax rate is 8.5%. Looking at the transaction from Slumberland's point of view, which of the following statements is false?
A. Sales Tax Payable would be credited $68 B. Sales would be credited for $800 C. Cash would be debited for $868 D. Sales Tax Expense would be debited for $68