Shaun and Rick are partners. Shaun has a capital balance of $12,000 and Rick has a capital balance of $10,000. Edwin contributes a building with a current market value of $8000 to acquire an interest in the new partnership. Which of the following is TRUE of the effect of the transaction on the balance sheet? (Assume no bonus to any partner.)
A) Both assets and equity will increase by $8000.
B) Both assets and liabilities will decrease by $8000.
C) Both assets and equity will decrease by $8000.
D) Both assets and liabilities will increase by $8000.
A) Both assets and equity will increase by $8000.
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Simone recently read the classic Harvard Business Review article on “managing your boss.” Which of the following is a step discussed in the article?
A. flattery or ingratiation B. distancing yourself from your boss C. understand yourself D. develop a good working relationship with your peers
Describe the role of the public relations department in preparing a crisis-management plan
What will be an ideal response?
An American company has been working on a business deal in a developing nation. This deal will open an entirely new market to the American company, increase stability in the local economy, and provide jobs to thousands of local workers
When the deal reaches the final phases, the local government asks for a sizable bribe from the American company to move forward with the proper permits to continue with the project. Which of the following is the proper analysis of the situation? A) Paying bribes violates U.S. laws, so the deal may fall through. B) Reciprocity is illegal in most foreign countries but not necessarily in the U.S. C) U.S. bribery laws are suspended in foreign countries, so paying the bribe is acceptable. D) According to U.S. laws, bribes are equivalent to gift giving, so they are an accepted aspect of conducting business. E) The U.S. firm must consult the International Uniform Code of Business to determine the legality of the bribe.
Which statement about documenting data sources in business research is NOTcor-rect?
a. Business managers respect individual contributions. b. Business managers expect honesty in all transactions. c. Business managers appreciate the ability to build on previous knowledge. d. Business managers distrust reports that contain no citations and sources list.