The normal balance of the Income Summary account is a credit balance
Indicate whether the statement is true or false
false
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Answer the following statements true (T) or false (F)
1. A symbol is a physical object that communicates an unspoken message about an organization’s culture. 2. Management by walking around and a commitment to cleanliness by managers not afraid to clean is a great example to employees about their willingness to ensure quality service, thus setting the example for a strong organizational culture. 3. Placing the quality assurance function in the hands of a line-level employee is more appropriate than management because they are on the front line of service. 4. Leaders must care about what they do, say, and write to ensure the messages they send are what is intended and explicit.
When the risk of obsolescence is high, managers will want
A) a shorter payback period. B) a longer payback period. C) a payback period equal to the life of the investment. D) all of these. E) none of these.
The monthly earnings of computer programmers are normally distributed with a mean of $4,000. If only 1.7 percent of programmers have monthly incomes of less than $2,834, what is the value of the standard deviation of the monthly earnings of the computer programmers?
What will be an ideal response?
A _____ is a requirement a lender imposes on the borrower as a condition of the loan.
A. factor B. covenant C. corporate bond D. commercial paper