1. Which of the following helps in problem-solving? A. Listening and stroking B. Stroking only C. Listening and discounting D. Stroking and discounting.
2. When a manufacturing company raises prices for its products, it's a reflection of a/an A. decrease in consumer price index (CPI). B. increase in producer price index (PPI). C. increase in balance of trade (BOT). D. decrease in balance of payments (BOP).
3. Which of the following represents the correct relationships in the accounting equation? A. Assets plus owners' equity equal liabilities B. Assets equal liabilities minus owners' equity C. Assets equal liabilities plus owners' equity D. Assets plus liabilities equal owners' equity.