A reference group to which a person actually belongs is referred to as a(n) ________ group.
A. dissociative
B. primary
C. integrated
D. aspiration
E. associative
Answer: E
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A performance appraisal process must identify causes of an employee's performance discrepancy and develop plans for improving his or her performance.
Answer the following statement true (T) or false (F)
In comparing financial and management accounting, which of the following more accurately describes management accounting information?
a. historical, precise, useful b. required, estimated, internal c. budgeted, informative, adaptable d. comparable, verifiable, monetary
The formal document that provides background and financial information about the company, outlines your goals for the business, and describes how you intend to reach them is called the ____________.
a. business model b. business plan c. mission d. vision
Answer the following statement(s) true (T) or false (F)
12. As a sole proprietorship, the owner is held personally liable for any problems the business incurs. 13. Fair use is a clearly defined area in U.S. law with absolute rules and boundaries. 14. A sole proprietorship is rarely the correct choice of legal structure for startups. 15. In a general partnership, if one partner is responsible for running the company into the ground, the other partner is not considered liable. 16. In a C corporation, the shareholders, not the corporation, are legally liable for a company’s actions. 17. Both the C-corp and the S-corp have to deal with double taxation, as there are two levels of tax to pay for both types of legal structures. 18. A disadvantage of a C corporation is that it cannot survive after the demise of its owners.