A manager attempts to resolve a conflict by seeking an advantageous solution for all the parties involved. This conflict management technique is called accommodating.
Answer the following statement true (T) or false (F)
False
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Assume that a company received $1,200 in advance for one year membership fee in the fitness center. The entry that would be made to record the recognition of revenue at the end of first month is
A) Revenue 1,200 Cash 1,200 B) Cash 100 Revenue 100 C) Unearned Revenue 100 Revenue 100 D) Revenue 100 Unearned Revenue 100
Answer the following statements true (T) or false (F)
Moonitz felt that APB Statement 4 should have been issued as an opinion rather than as a statement because departures from GAAP made in a statement did not have to be disclosed.
Which one of the following is not one of the arrangements used by organizations to offer employee assistance programs?
A. In-house B. Outsource C. Consortium D. Consultant
A said to B, "I'll give you $100 for that bracelet." B replied, "$135." A said, "No thanks." B then said that B accepted the $100, but A was no longer interested and said there was no contract. B insists there is a contract. Result?
A) A's offer of $100 was open and accepted by B, thereby forming a contract. B) B's counteroffer of $135 terminated A's offer of $100. C) B's statement, "$135" was a negotiating statement that did not terminate A's original offer of $100. D) A's offer of $100 was irrevocable.