At the fourth level, the exclusionary workplace operates from a framework that is:
a. Ethnocentric
b. Collaboration based
c. Pluralistic
d. Socially responsible
a. Ethnocentric
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A company issued 1,000 shares of $10 par value common stock due to a previously declared stock dividend; the market value at both the date of declaration and distribution was $12 per share. Which of the following correctly describes the reporting of this stock issue within the financing activities section of the cash flow statement?
A. A cash outflow of $10,000. B. A cash outflow of $12,000. C. A cash outflow of $2,000. D. There is no cash flow.
A petty cash fund was established with a $200 balance. It currently has cash of $35 and petty cash tickets as follows: Office expense $130 and Entertainment Expense $45. Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $25 B) credit to Cash Short & Over for $10 C) credit to Cash Short & Over for $25 D) debit to Cash Short & Over for $10
How many nations signed on for negotiation when GATT was created in 1947?
A. 15 B. 23 C. 28 D. 40 E. 57
The acid-test ratio differs from the current ratio in that:
A. The acid-test ratio measures profitability and the current ratio does not. B. Prepaid expenses and inventory are excluded from the calculation of the acid-test ratio. C. The acid-test ratio excludes short-term investments from the calculation. D. Liabilities are divided by current assets. E. The acid-test ratio is a measure of liquidity but the current ratio is not.