Define the term "reference group" and explain the difference between a "membership reference group" and an "aspirational reference group."
What will be an ideal response?
A reference group is an actual or imaginary individual group conceived as having significant relevance upon an individual's evaluations, aspirations, or behavior. A membership group consists of people an individual knows; an inspirational reference group, on the other hand, consists of people and individual admires but does not know personally.
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When a parent company owns 100 percent of the outstanding stock of a subsidiary, Goodwill from Consolidation will appear on the consolidated balance sheet when the
a. cost of the parent's investment exceeds the book value and the fair value of the investee's net identifiable assets. b. cost of the parent's investment exceeds the book value of the parent's net assets. c. book value of the parent's net assets exceeds the fair value of the parent's net assets. d. fair value of the investee's net identifiable assets exceeds the cost of the parent's investment.
Encouraging widespread involvement is one of the important ways of developing human capital.
Answer the following statement true (T) or false (F)
Which of the following statements regarding capital expenditures is incorrect?
A) Capital expenditures are purchases of long-term assets. B) The decision to purchase long-term assets is part of a strategic plan. C) Capital expenditures include delivery trucks, computer systems, and manufacturing equipment. D) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget.
Which of the following statements is true about losses due to computer security threats?
A) Surveys on computer crimes provide accurate results since they use standard parameters to measure and tally computer crime costs. B) Surveys suggest that some organizations do not report all their computer crime losses, and some will not report such losses at all. C) Losses due to natural disasters can be measured accurately. D) Losses due to human error are insignificant.