Power derived from a position of authority inside the organization is ________ power.
A. political
B. structural
C. expert
D. legitimate
E. reward
Answer: D
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Carl and Stefanie each invest $15,000 in a business and are given shares of stock in Thibeau Industries as evidence of their ownership interests. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
When using Q-sort scaling ________ to ________ objects is a reasonable range
A) 60; 90 B) 90; 140 C) 60; 140 D) 40; 60
The direct method of preparing the statement of cash flows
A) results in more cash from operating activities, but less cash from investing activities, and the same total cash flow as the indirect method. B) converts each item on the income statement to its cash equivalent. C) reports interest and dividends received in the investing activities section. D) All of these choices.
Hallie has worked at her financial services company for several years when she realizes that her department is creating false accounts to make itself look more profitable. Though she sees this clearly, she chooses not to report the issue to anyone. Why might she have made this choice?
What will be an ideal response?