Under the direct write-off method of uncollectible accounts, if a written off account is later collected, the effect on the accounting equation is

A) an increase in assets and an increase in liabilities
B) an increase in liabilities and a decrease in stockholders' equity (expense)
C) a decrease in assets and an increase in stockholders' equity (expense)
D) a decrease in assets and a decrease in stockholders' equity (expense)

When doing a vertical analysis, which of the following is a typical comparison item set at 100%?

A) Total liabilities
B) Total stockholders' equity
C) Total cash
D) Total assets

Theory Y has prompted managers to grant more freedom to employees who are well-motivated and talented.

​If MR>MC,then the firm should

A) ​increase production
B) decrease production
C) keep the prices constant
D) ​keep the production level constant

Greg signs an installment contract with Home Appliance Store to finance the purchase of new kitchen appliances. This transaction is subject to

A) no federal law.
B) the Fair Credit Reporting Act.
C) the Telecommunications Act.
D) the Truth-in-Lending Act.

An exchange of e-mails cannot create a complete and unambiguous binding agreement.