Property pledged as collateral must be in the possession of the creditor
Indicate whether the statement is true or false
F
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A company shows a $740 balance in Prepaid Rent in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired rent of $270. This adjusting entry results in:
A. $270 increase in net income. B. $270 difference between the debit and credit columns of the Unadjusted Trial Balance. C. $270 of prepaid insurance. D. $270 decrease in net income. E. An error in the financial statements.
Kay and Jenny's, a restaurant, has implemented a new system that identifies and gathers information about its regular customers. It rewards the regular customers by giving them gift coupons and cash prizes
This is most likely an example of a(n) _____ system. a. organizational optimization b. profit maximization c. total quality management (TQM) d. customer relationship management (CRM)
Match each term with the correct statement below.
a. goal b. objective c. autocratic leadership d. democratic leadership e. laissez-faire leadership f. planning g. directing h. organizing 1. What is a broadly stated guideline that an organization wants to achieve? 2. What is a specific goal that states what is to be achieved and when it will be achieved? 3. What is the managerial function that involves issuing directives, assignments, and instructions? 4. What is a close style of supervision in which the manager specifies exactly what is to be done? 5. If a manager consults with subordinates before making decisions, what leadership style is being utilized?
There are no defenses to liability under the Comprehensive Environmental Response, Compensation, and Liability Act
Indicate whether the statement is true or false