TCM is the acronym for:

A) total customer management.
B) time compression management.
C) total customer marketing.
D) total compression management.

Answer: B

Business

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What is the effect of the adjusting entry for Depreciation Expense?

A) It increases total liabilities and increases total expenses. B) It increases total assets and increases total expenses. C) It decreases total assets and increases total expenses. D) It decreases total liabilities and increases total expenses.

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Which of the following is the best example of a perquisite sometimes given to corporate executives?

A. Stock options. B. Access to a luxury box at Honda Center. C. A salary in excess of $1 million per year. D. None of the above.

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