A business repays the amount borrowed on a note with cash. Which of the following accounts is credited?

A) Accounts Payable
B) Cash
C) Notes Payable
D) Notes Receivable

Answer: B) Cash

Business

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Ryan filed a lawsuit against his previous employer because he was fired without warning. Which of the following events most likely compelled Ryan to file the lawsuit?

A. He was not promoted to the new position that was initially promised to him. B. He was asked to move to a different department within the same company. C. Ryan was asked to take a pay cut to keep his job. D. Ryan was fired from the company without prior notice. E. Ryan was forced to serve his probationary period of three months before leaving the company.

Business

In the context of SWOT analysis, strength refers to the ________

A) unique sources of advantage that the marketing plan should leverage B) circumstances that limit the company's performance and should be addressed C) potentialities that would improve profitability and should be addressed D) current and possible factors that could impede performance E) aspects of the geo-political environment that strengthen the stand of the business at present

Business