Business firms can stimulate innovation by:
A) ?hiring employees who have a low risk tolerance.
B) ?letting employees know that they have the freedom to fail.
C) ?using micromanagement techniques.
D) ?talking to late adopters.
B
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Non-value-added activities are those that add to a product's desirability
Indicate whether the statement is true or false.
The September 30, 2014, physical inventory of Pollack Corporation appropriately included $6,300 of merchandise purchased on account that was not recorded in purchases until October 2014 . What effect will this error have on September 30, 2014, assets, liabilities, retained earnings, and earnings for the year then ended, respectively?
a. Understate; no effect; overstate; overstate b. No effect; overstate; understate; understate c. No effect; understate; overstate; overstate d. No effect; understate; understate; overstate