The ____________________ is the method of preparing the statement of cash flows where the revenues and expenses reported on the income statement are adjusted to reflect the amount of cash received or paid for each item

Which of the following is the disadvantage of marketing driven approach to the marketplace?

A) This kind of organization is slow to respond to changes. B) This approach is associated with high level of risk. C) It is not suited for high-scale products such as consumer goods. D) This approach does not consider customer opinion.

Implied authority can be best described as a situation where:

A) The conduct of two parties indicate that they are acting in a principal and agent capacity. B) The principal and agent undertake actions in accordance with their earlier agreement that one act as agent for the other. C) The principal has made representations to a third party that someone is to act as her agent. D) The agent has made representations to a third party that he is acting as an agent for another. E) Both B and C