Under the cash basis of accounting, revenues are recognized when cash is received, regardless of when it is earned

a. True
b. False
Indicate whether the statement is true or false

True

Business

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Teal Inc., a manufacturer of designer journals and notebooks, switched to using recycled paper to manufacture its products. It also changed the design such that the book covers and spiral cords used as spines were not made out of plastic. The changes made by Teal Inc., are an example of

A. philanthropic responsibility. B. legal responsibility. C. economic responsibility. D. corporate social responsibility. E. shareholder responsibility.

Business

For a salesperson to be given the authority to review purchase agreements and contracts by their broker, the salesperson granted supervisory powers needs to have:

a. accumulated two full years' experience within the last five years. b. accumulated two full years' experience within the last 10 years. c. accumulated two full years' experience as well as two years college education. d. been employed by the broker for a minimum of two years.

Business