When a company records the purchase of 1 month of prepaid expense the transaction does not affect the totals of assets or liabilities and stockholders' equity
Indicate whether the statement is true or false
True
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A special class of diagrams called ________ contains enough visual and textual information to function as standalone documents
A) photographs B) pictograms C) data clouds D) infographics E) geographic information systems
Organizing and managing work groups and work teams is very challenging for managers. All of the following are principles of “team-driven companies” developed by McKinsey & Company EXCEPT:
a. Give leaders responsibility for processes and process performance b. Link performance objectives and evaluation of all activities to customer satisfaction c. Assign performance objectives to teams, not individuals d. Focus on individual performance and give rewards to individual group members e. All of the above are principles of “team-driven companies”.
A material breach of contract discharges the contract
Indicate whether the statement is true or false
John and Joan are both 68 and retired. Their children have long since left home and now have families of their own. Which stage of the family life cycle are John and Joan likely to be in?
a. full nest I b. full nest II c. full nest III d, empty nest I e. empty nest II