Explain why political skill is important.
What will be an ideal response?
Political skill is the ability to effectively understand others at work and to use such
knowledge to influence others to act in ways that enhance one’s personal and/or
organizational objective. Political skill is essential for making all of the tactics and
reciprocities described in the chapter work.
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What benefit created by the U.S. Congress is intended to encourage charitable giving?
A. income tax deductions for gifts B. removal of limitations on lobbying C. receiving a 501(c)(1) classification D. receiving free health-care vouchers in exchange for gifts
Ordinarily, a corporation owning a significant portion of the voting stock of another corporation accounts for the investment using the equity method
Indicate whether the statement is true or false
A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include:
A. A credit to Cash of $100,000. B. A credit to Premium on Bonds Payable of $7,850. C. A debit to Discount on Bonds Payable of $7,850. D. A debit to Interest Expense of $7,850. E. A credit to Bonds Payable of $107,850.
Rodney, a bailiff, has been authorized to repossess farm machinery from John. When Rodney arrives at John's house, he discovers that John and his family are all on vacation and that the machinery is locked in a storage shed. What can Rodney do?
A) He can get a locksmith to come and open the door B) He can alternatively seize other equipment which is lying about the property C) He can seize John's car until John returns and surrenders the equipment. D) He must get a court order authorizing him to enter the shed E) He can force open the garage door and remove the car