What you own that is expected to have future economic value is a(n) ___________________.
a. Asset
b. Liability
c. Expense
d. Cost
Answer: a. Asset
Business
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Corporations register in their state of domicile (a few exceptions register at the federal level)
a. true b. false
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Which of the following is a limitation of the comparative norm approach?
a. not all firms have the same capacity to meet economic demands b. it is frequently difficult to classify a firm in a particular industrial grouping for wage comparison purposes c. at times it is misleading to compare employees within a particular job classification d. All of the above
Business