A debt that a business owes is called ________

A) an asset
B) a liability
C) stockholders' equity
D) revenue

B

Business

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Organization Z consistently displays an organizational culture of integrity and high ethical standards. What aspect will not necessarily be present in Organization Z's culture?

A) Employees have internalized Organization Z's ethics B) Rationales of consequences, including ethical implications, are examined in the decision making process C) Subordinates (respectfully) disagree and offer their opinions and ideas to superiors when they feel the action would not be congruent with the organization's values D) Well organized teams that share leadership to develop members' skills

Business

A company may use absorption costing for external reporting and still choose to use throughput costing for internal reports

Indicate whether this statement is true or false.

Business