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ycow [4]
4 years ago
9

LO 1.2Which of the following statements is incorrect?

Business
1 answer:
Pachacha [2.7K]4 years ago
4 0

Answer: Reports produced using management accounting must follow GAAP.

Explanation: Management report are reports produced by management accountants are prepared for internal use by managers, employees and other officers.

Management reports are produced as at when required and do not necessarily have to follow GAAP.

Management reports include job costs, production cost report, cost of good manufactured report etc.

It gives monetary and non monetary information for management consumption.

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Which were the two major challenges faced by U.S. multinational corporations at the close of the 1960s?
Scrat [10]

Answer:

The correct answer is the option C: Resistance to direct investment and increasing competition in export markets.

Explanation:

To begin with, the decade of 1960's was completely full of changes in the american life due to the big events that happened during that time. Moreover, the two most important challenges that the american economy had to face up were the fact that the direct investment was hardly constat and did not increase and the current fight in order to increase the competition in exports markets and all that because of the high expenditures that the government did due to the Vietnam War and the Space Race. Also, while the government spending increased the exports were reduce in the market because of the increase in the China's techonolgy exports.

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3 years ago
A chef would cook the beans and grains separately when making a hearty broth because A. it allows the broth to develop more body
muminat
C the chef prefers a light clear broth
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4 years ago
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Assume that eggs and cereals are substitute products for breakfast. If a disease kills a large number of chickens, what will hap
larisa [96]

Answer:

The correct answer is letter "D": the quantity demanded of cereal will increase.

Explanation:

According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).

In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.

6 0
3 years ago
Expenses paid and recorded as assets before they are used are called.
attashe74 [19]

Answer:

Prepaid expenses

3 0
3 years ago
What is a rental inventory and why is it a good idea to have one?
bearhunter [10]

A rental inventory is basically like people rent you things. Cars, and lots of stuff. its a good idea to have a rental inventory because you can rent people things in a business.

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