Chuck occupies the coordinator role in a group, so he is likely to
A) carefully examine the group process.
B) seek ways to hog recognition.
C) clarify goals and promote decision making.
D) form alliances with the group leader.
Answer: C
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A large retained earnings account means that there is cash available to pay dividends
Indicate whether the statement is true or false
Stockmaster Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$27,000$10,500$37,500Estimated variable manufacturing overhead cost per MH$1.10$2.80 During the most recent month, the company started and completed two jobs--Job C and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job CJob HDirect materials$11,200$7,500Direct labor cost$21,900$7,800Forming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000 Assume that the company uses a plantwide predetermined manufacturing overhead
rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to: A. $62,980 B. $25,192 C. $96,989 D. $88,172
Clara obtained a necklace by larceny. If she sells the necklace to Sherry, who is a good faith purchaser for value, Sherry obtains valid title
Indicate whether the statement is true or false
Before the UCC contracts for the sale of goods were primarily governed by common law, which differed from state to state
a. True b. False Indicate whether the statement is true or false