Calm Valley Realty, a real estate firm, ensures that it maintains a friendly corporate culture. The firm regularly organizes team lunches and outings where the employees get a chance to expand their network. In the context of Maslow's hierarchy of needs theory, the company is fulfilling the _____ needs of its employees.
A. esteem
B. self-actualization
C. social
D. physiological
Answer: C
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Airbud Corporation, a U.S. firm, signs a contract with Bueno Computadores Ltd., an Argentinean firm, for a shipment and payment for Airbud’s goods. This is
A. a distribution agreement. B. indirect exporting. C. direct exporting. D. licensing.
The auditor is primarily concerned with overstatement when auditing bonds
a. True b. False Indicate whether the statement is true or false
Kendrick, a recent college graduate, wants to communicate that he can get along with others and is accepting of diversity. Which of the following statements should he avoid making?
a. I can work with others as well as independently. b. I was an officer in a service organization. c. I can work with most people. d. I participated in several organizations that had diverse memberships.
A company using the perpetual inventory system purchased inventory worth $550,000 on account with credit terms of 2/15, n/45. Defective inventory of $70,000 was returned 3 days later, and the accounts were appropriately adjusted
If the company paid the invoice 25 days later, the journal entry to record the payment would be ________. A) $550,000 debit to Accounts Payable and $550,000 credit to Cash B) $480,000 debit to Accounts Payable and $480,000 credit to Cash C) $550,000 debit to Accounts Payable, $540,400 credit to Cash, and $9,600 credit to Merchandise Inventory D) $540,400 debit to Accounts Payable, $9,600 credit to Merchandise Inventory, and $480,000 credit to Cash