Examlex
Which of the following statements is true about globalization and organizational behavior?
Net Income
The company's residual earnings post all expenditures and tax deductions from the gross revenue.
External Transaction
A financial or non-financial exchange between the business and an external party, impacting the financial statements.
Accounting Equation
The foundational principle of double-entry bookkeeping that states assets equal liabilities plus equity.
Business Activity
Any action that is engaged in for the primary purpose of making a profit, including operations, marketing, and production.
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