The method of accounting that only recognizes expenses when cash is paid for expenses incurred is called
a. the accrual basis of accounting;
b. revenue and expense accounting; c. the cash basis of accounting;
d. the merchandise basis of accounting; e. the commercial basis of accounting
C
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1. Globalization has created a need to understand how cultural differences affect leadership performance. 2. Global leaders need to be skilled in creating transcultural visions. 3. One of the GLOBE cultural dimensions, power distance, is defined as the degree to which members of a group favor strategic physical distance close to or away from others. 4. Ethnocentrism can be a major obstacle to effective leadership. 5. Hofstede's benchmark research identified six major dimensions on which cultures differ.
A supplier has just been awarded a large contract by your company. As an employee in purchasing, you were largely responsible for awarding that supplier the contract. The supplier's sales representative has just called and would like to take you to lunch to thank you for the support. Going to lunch with the sale representative does not present any ethical problems
Indicate whether the statement is true or false
Law and justice represent separate and distinct concepts
Indicate whether the statement is true or false
Which of the following types of claims adjusters do not represent insurance companies?
A) Public adjusters B) The insurance agent C) The independent adjustment bureau D) Company adjusters