Jonathan is a new employee at an IT firm. He empathizes with his colleagues, cares for them, and has a good understanding of how people work in groups. Which of the following statements is true about Jonathan?
A. He ranks high on the scale of self-regulation.
B. He ranks high on the scale of social awareness.
C. He has a high level of self-motivation.
D. He has a high level of intelligence quotient.
Answer: B
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Harry received a scholarship of $2,000. He plans to invest this money for 5 years at 8%, compounded annually. If he accomplishes this, Harry will have an ending balance of: (Use time value tables or a financial calculator. Select the closest answer.)
A. $2,160. B. $2,520. C. $2,608. D. $2,938. E. $3,162.
A procedure defines how to do a task
Indicate whether the statement is true or false
A temporary organizational structure where people come together for a specific business purpose or project and then disassemble when the purpose or project is completed best defines
A) flat structure. B) virtual structure. C) functional structure. D) matrix structure.
Peters, Chong, and Aaron are dissolving their partnership. Their partnership agreement allocates each partner an equal share of all income and losses. The current period's ending capital account balances are Peters, $54,000; Chong, $42,000; and Aaron, $(2,000). After all assets are sold and liabilities are paid, there is $94,000 in cash to be distributed. Aaron is unable to pay the deficiency. The journal entry to record the distribution should be:
A. Debit Peters, Capital $54,000; debit Chong, Capital $42,000; credit Cash $96,000. B. Debit Cash $94,000, debit Aaron, Capital $2,000, credit Peters, Capital $54,000, credit Chong, Capital $42,000. C. Debit Peters, Capital $53,000; debit Chong, Capital $41,000; credit Cash $94,000. D. Debit Peters, Capital $54,000; debit Chong, Capital $40,000; credit Cash $94,000. E. Debit Cash $94,000; credit Peters, Capital $47,000; credit Chong, Capital $47,000.