Buildings and Equipment That Are Long Term in Nature Would

question 170

Multiple Choice

Buildings and equipment that are long term in nature would be included under __________ on an organization's __________.

• A) fixed assets; balance sheet
• B) current assets; balance sheet
• C) long-term debt; income statement
• D) owners' equity; income statement
• E) owners' equity; balance sheet

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Definitions:

Resource Dependence

The theory that organizations depend on resources from their environment to survive, which influences their behavior and strategies to obtain those resources.

Supply-side

An economic theory that proposes reducing barriers on the production of goods and services, such as lowering taxes and decreasing regulation, will stimulate economic growth.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Isomorphism

A concept in sociology that refers to the process by which organizations in the same sector or context become increasingly similar to each other in structure and function.