The behavioral model of leadership focuses on what leaders think about.

Which of the following best describes the difference between an unadjusted trial balance and an adjusted trial balance?

A) An unadjusted trial balance is prepared at the start of the accounting period and is not provided to external decision makers,while an adjusted trial balance is prepared at the end of the period and is provided to external decision makers.
B) An unadjusted trial balance is prepared by companies that make adjusting entries,while an adjusted trial balance is prepared by companies that do not make adjusting entries.
C) An unadjusted trial balance is prepared before the adjusting entries have been made,while an adjusted trial balance is prepared after the adjusting entries have been made.
D) An unadjusted trial balance is prepared after the post-closing trial balance.

Which of the following is false?

A) For a monopolist there are no close substitutes for its product.
B) Large corporations rarely use its vast political power for fear of facing anti-trust lawsuits.
C) To be big is not necessarily to behave badly.
D) A business that would normally be considered competitive can have a local monopoly because its nearest competitors are many miles away.

Assume a firm has 20-year, 8% coupon bonds with a current market yield of 10%. With a combined federal and state corporate tax rate of 40%, the firm's after-tax cost of debt is:

A) 3.2%
B) 4.0%
C) 4.8%
D) 6.0%

The market system's answer to the fundamental question "How will the goods and services be produced?" is essentially

A) "With as much machinery as possible."
B) "Using the latest technology."
C) "By exploiting labor."
D) "In ways that minimize the cost per unit of output."

Shown below is a page from cash payments journal. Using the cash payments journal above identify each of the posting references indicated by a letter as representing:
(1) a posting to a general ledger account.
(2) a posting to a subsidiary ledger account.
(3) that no posting is required.