Creativity is most likely to occur when the "climate" is right. Which of the following is a characteristic of that climate in the workplace?
a. willingness to avoid change
b. employees with similar work habits
c. trustful management that does not exert strict control over employees
d. strict management rules
ANSWER: c
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The ____________________ is the method of reporting cash from operating activities in which net income is adjusted for transactions that affect both net income and cash from operating activities, but in different ways
Fill in the blank(s) with correct word
When developing and assessing strategic alternatives, it is important to remember that companies competing in international markets confront two opposing forces: reduction of ________ and adaptation to ________________.
Fill in the blank(s) with the appropriate word(s).
The purpose of the investing activities section is:
a. show the gains and losses from investing activities. b. show the cash flows resulting from interest expenses and revenues on investments. c. show the cash flows due to all types of investments. d. show the cash consequences of bad investment decisions. e. None of the answers are correct.
Ethan purchases a house for $250,000. He borrows $200,000 from StarCross Bank and gives the bank a mortgage on the house for this amount. StarCross Bank fails to record the mortgage. Ethan then applies to borrow $200,000 from Pentalon Bank
Pentalon Bank reviews the real estate recordings and finds no mortgage recorded against the property, so it lends Ethan $200,000. Pentalon Bank records its mortgage. Later, Ethan defaults on both loans. In this case, which of the following would be true in case of the possible foreclosure on the collateral? A) StarCross Bank can foreclose because they made the first loan. B) Pentalon Bank can foreclose because they recorded of the mortgage. C) The collateral has to be returned to Ethan since there is a violation of the recording statute. D) None of the parties involved can claim ownership of the collateral as it passes into the public domain.