Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A)When operating income is positive,revenue is greater than expenses.
• B)When net income is negative,retained earnings decrease,all other things being equal.
• C)When net income is positive,Shareholders' equity increases,all other things being equal.
• D)All of the answers are acceptable.

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that shape the behavior and identity of everyone within an organization.

Values

The beliefs and principles that guide an individual's or organization's behavior, decisions, and actions.

Ideas

Concepts, thoughts, or plans generated in the mind as potential responses to a problem or as creative expressions.

Attitudes

A settled way of thinking or feeling about something, typically reflected in a person's behavior.