True or False?
- A database is a single collection of data stored in one space that can be used by people throughout the organization to make decisions.
-Typically, the majority of the data gathered for an MIS come from external sources.
-When you receive an e-mail message, it is important to reply to everyone who received the initial message.
-A virtual office allows employees to work in any location in the world without having the need to be tethered to a computer, software, and other technology.
-Outsourcing is the process of finding outside vendors and suppliers that provide professional help, parts, or materials at a lower cost.
-A key advantage of the Internet is that it allows the customer to interact with the firm through e-business activities.
-Shifting revenues earned from customers inside a real Sears department store to revenues earned from those same customers online increases a firms' total sales revenues.
-A firm's information database and available financing would be considered internal forces that affect the development of e-business.
-Most of a firm's proprietary accounting information is reported to the general public in the firm's annual report.
-According to the Occupational Outlook Handbook, job opportunities for accountants, auditors, and managers in the accounting area are expected to experience average growth between now and the year 2018.
-Owners' equity is the dollar value that remains after the total liabilities of a business are subtracted from its total assets.
-The statement of financial position is also known as the balance sheet.
-On a balance sheet, assets are listed in order, from the most liquid to the least liquid.
-The ending cash balance reported on the statement of cash flows is the same as the net sales amount reported on the firm's income statement.
-A low inventory turnover can be improved by ordering merchandise in smaller quantities at more frequent intervals.
-Short-term financing is used to finance a merger or expansion.
-A cash budget estimates a firm's expenditures for major assets like replacement of obsolete equipment and mergers and acquisitions.
-The lowest interest rate charged by a bank for a short-term loan is called the discount rate.
-Commercial paper is short-term promissory notes issued by large corporations.
-While common stockholders have the right to receive dividends, holders of preferred stock elect the board of directors and approve or disapprove major corporate actions.
-When compared to common stockholders, preferred stockholders have a priority claim on corporate assets.
-Most small businesses can expect to obtain venture capital financing if they have a good credit history of paying their bills on time.
-If a firm's earnings should drop below the interest cost of borrowed money, the return on owners' equity will increase.
-Bonds that can be exchanged for a specified number of shares of common stock are called convertible bonds.