Shane wants to delegate a task to one of his followers. What guidelines should he follow?
a. Delegate the task and leave the employee alone to finish it.
b. Monitor to make sure he can pull back if employee makes a mistake.
c. Clarify the goals and expectation, and monitor the employee.
d. Delegate the task, but make sure he keeps the authority to do it.
c. Clarify the goals and expectation, and monitor the employee.
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Indicate whether the statement is true or false
Which of the following can companies use as collateral for a loan?
a. prepaid insurance b. prepaid rent c. property, plant, and equipment d. retained earnings
Christine recently read Blink: The Power of Thinking without Thinking by Malcolm Gladwell and she is trying to explain the concept of “thin-slicing” to her colleagues. Which of the following statements could she use to best describe the concept of “thin- slicing”?
A. The unconscious mind makes decisions based on no prior experience. B. The unconscious mind finds patterns in situations and behaviors based upon very narrow experiences. C. The unconscious mind finds patterns in situations and behaviors based upon a large range of experiences. D. The conscious mind finds patterns in situations and behaviors based on prior research and best practices.
The basis for both U.S. GAAP and IFRS requirements for income tax accounting for financial reporting purposes focuses on which of the following financial reporting objectives?
a. recognizing the amount of taxes payable in the current year, only. b. recognizing deferred tax assets and deferred tax liabilities for the future income tax consequences of temporary differences, only. c. recognizing the amount of taxes payable in the current year, and recognizing deferred tax assets and deferred tax liabilities for the future income tax consequences of temporary differences. d. recognizing deferred tax assets and deferred tax liabilities for the future income tax consequences of permanent differences, only. e. recognizing the amount of taxes payable in the current year, and recognizing deferred tax assets and deferred tax liabilities for the future income tax consequences of permanent differences.