In some business situations, you will make recommendations to solve a problem. Which of the following actions can help improve the quality of your recommendations?
A. Make sure you offer a quick fix for the problem.
B. Make sure that your suggestions don't upset any team members.
C. Make sure that your recommendations address the causes of the problem.
D. Check with Human Resources to be sure that you are following protocol.
E. Ask your superior to present the recommendations.
Answer: C
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Which of the following products would most likely be accounted for using a process cost system?
a. custom-ordered trophies b. luxury cruise ships c. modeling clay d. leather furniture
One reason that a common-size statement is a useful tool in financial analysis is that it enables the user to
A) judge the relative potential of two companies of similar size in different industries. B) determine which companies in a single industry are of the same value. C) determine which companies in a single industry are of the same size. D) make a better comparison of two companies of different sizes in the same industry.
Quick Supply House breached a contract with MegaCorp The breach resulted in the loss of a great deal of money to MegaCorp The board of directors for MegaCorp vote not to sue the supply house since it believes the legal costs would be more than it would probably recover. If a group of shareholders wish to sue the supply house, this would
a. be a type of direct lawsuit. b. have to be a derivative lawsuit. c. be a settlement lawsuit. d. be an SEC lawsuit.
Would an instrument containing the following language be negotiable? "Harold T. Stone, as President, hereby promises to pay $12,348 to the order of Joe Jones Furniture for office equipment for Redtyn Corporation, payable from its corporate assets. (Signed) Harold T. Stone as President, Redtyn Corporation."
a. No, because the promise refers to another contract. b. No, because its payment is limited to a particular fund. c. Yes, because Redtyn is a business entity. d. Yes, because it meets all the requirements of negotiability.