The Japanese term Seiri is associated with which of the (English) Five-S’s?
a. Sort
b. Set in order
c. Sweep
d. Standardize
a. Sort
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A company pays $1,700 cash to employees for work performed during the month. Record the payment using (a) accrual-basis accounting and (b) cash-basis accounting.
What will be an ideal response?
At the beginning of the year a company had a debit balance in the account Market Adjustment--Trading Securities. During the year the company did not buy or sell any trading securities, but at the end of the year the related market adjustment account had a credit balance. This change indicates that
a. a loss on the income statement was recognized. b. a gain on the income statement was recognized. c. the value of the investment account increased. d. the value of the investment account decreased.
If you confront a problematic team member in public, you run the risk of
A) Embarrassing the team member. B) Calling more attention to the team member. C) Precluding others from speaking. D) All of the above. E) A and C.
If your money doubled in 8 years, then your annual rate of interest is approximately
A) 7.2%. B) 8%. C) 9%. D) 10%.