The ____________ style for managing conflict ensures one’s own self interests are met at the expense of others.
a. Forcing
b. Compromise
c. Collaborative problem solving
d. Accommodating
a. Forcing
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The information system of Company ABC is deemed to be 90% reliable. A major threat has been identified with an exposure of $5,000,000. Two control procedures exist to deal with the threat. Implementation of control A would cost $140,000 and reduce the risk to 4%. Implementation of control B would cost $100,000 and reduce the risk to 6%. Implementation of both controls would cost $220,000 and reduce the risk to 2%. Given the data and based solely on an economic analysis of costs and benefits, which control procedure should you choose?
What will be an ideal response?
The Australian government has opened a for-profit tourist information center in New York City. If a dispute arises over the lease of the storefront, may the landlord sue the Australian government in the United States courts?
A. Yes, because the Australian government was engaged in a commercial activity. B. No, because the Foreign Sovereign Immunities Act forbids U.S. courts from hearing any case (without exception) that involves a foreign government. C. No, because the only way the Australian government can be sued is if it signed a written waiver of immunity. D. Yes, because the Australian government violated international law.
Chang Industries has bonds outstanding with a par value of $212,800 and a carrying value of $222,200. If the company calls these bonds at a price of $217,000, the gain or loss on retirement is:
A. $4200 gain. B. $4200 loss. C. $5200 loss. D. $5200 gain. E. $9400 gain.
The F. Mercury, Capital account has a credit balance of $39,000 before closing entries are made. Total revenues for the period are $57,200, total expenses are $40,800, and withdrawals are $9800. What is the correct closing entry for the expense accounts?
A. Debit Income Summary $40,800; credit Expense accounts $40,800. B. Debit Expense accounts $40,800; credit Income Summary $40,800. C. Debit Income Summary $40,800; credit F. Mercury Capital $40,800. D. Credit Expense accounts $40,800; debit F. Mercury, Capital $40,800. E. Debit Expense accounts $39,000; credit F. Mercury, Capital $39,000.