Which statement regarding business casual attire is incorrect?
a. The trend toward casual dress in U.S. firms seems to be on the wane.
b. Wearing casual attire in Japanese firms is common.
c. In the Philippines casual attire is more common than in many European firms.
d. Some U.S. companies are revoking casual dress policies because their corporate image is suffering.
B
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For interim financial reporting, an extraordinary gain occuring in the second Q should be
a) recognized ratably over the last three quarters b) recognized ratably over all four Q, with the first being restated c) Recognized in the 2nd Q d) disclosed in a footnote only in the 2nd Q
Which one of the following capital intensity ratios indicates the largest need for fixed assets per dollar of sales?
A. 0.70 B. 0.86 C. 1.00 D. 1.06 E. 1.15