Which of the following was not reported by the employees in the experimental accounting departments at Detroit Edison?
a. How well the supervisors in their department got along together
b. How often their supervisors held meetings and how effective the meetings were
c. How much their supervisor understood the way employees look at and felt about things
d. How well supervisors linked pay for performance with employees
d. How well supervisors linked pay for performance with employees
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Why is the LIFO cost flow assumption an acceptable valuation method for merchandise inventory when it rarely matches the physical movement of the product?
A $10,000, 12%, 60-day note was received 6 days ago. The note is discounted today with the bank charging a 10% discount. What will be the amount of the bank discount?
a. $10,000 b. $153 c. $10,200 d. $47 e. None of the above
The quality of receivables refers to:
A. The likelihood of collection without loss. B. The speed of collection. C. The creditworthiness of sellers. D. The interest rate. E. Sales turnover.
Which of the following is not an accredited investor for purposes of Regulation D?
A) Any bank B) Anyone who certifies that he can afford to lose the investment C) A purchaser of $150,000 or more of the securities D) Any person with income greater than $150,000