Although written communication is important during business transactions, oral communication is used more often and by more people
Indicate whether the statement is true or false
TRUE
Although written communication is important during business transactions, oral communication
is used more often and by more people. Business professionals use oral communication in a
variety of ways and settings.
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The _____ believe that it takes a long time for prices and wages to change to restore equilibrium in an economy.
A. Keynesians B. classical economists C. monetarists D. institutional economists
Explain why each of the following persons or groups would be interested in seeing the financial statements of a company. Also state whether each has a direct or indirect financial interest
a. Potential investor b. Internal Revenue Service c. A labor union d. Securities and Exchange Commission e. Potential creditor f. Management g. Economic planners
Answer the following questions. (Show your work.) a. Revenue of $60,000 was earned, but only $45,000 was collected. Expenses of $36,000 were incurred, but only $30,000 was paid. What is reported net income? b. Wages of $4,000 are paid every Friday for a
five-day workweek. If the end of the year falls on a Tuesday, the adjusting entry for wages would be recorded at what amount? c. A company vehicle is purchased for $24,000. Assuming an eight-year useful life and zero value at that time, what is the balance of accumulated depreciation after five years? d. Supplies Expense of $3,600 was recorded for a given year. Assuming that $2,400 in supplies were purchased during the year and that $640 in supplies remained at year end, what was the cost of supplies at the beginning of the year?
In the context of the job characteristics model, _____ is the extent to which a job requires several activities for successful completion.
A. content validity B. skill variety C. task identity D. task significance