Which of the following is least likely to be grounds for a suit for defamation by an employee who has been fired for poor performance:
a. an employer tells another employer about problems caused by an employee b. an employer tells the media about problems caused by an employee
c. an employer tells employees in the same office about the reasons for the dismissal d. all of the other choices are solid reasons for defamation suits likely to be successful
e. none of the other choices are solid reasons for defamation suits likely to be successful
c
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Valor Company issued 5,000 shares of $1 par common stock for $30 per share, providing the company with $150,000 in cash. What effect, in addition to the increase in cash, does this transaction have on the accounting equation for Valor?
a. Common Stock increases $150,000. b. Common Stock increases $5,000? Additional PaidÂin Capital—Common increases $145,000. c. Common Stock increases $5,000; Retained Earnings increases $145,000. d. Common Stock increases $5,000; Gain on Sale of Common Stock increases $145,000.
Accumulated depreciation is shown on the balance sheet as a subtraction from the cost of its related asset.
Answer the following statement true (T) or false (F)
Materials that are used in manufacturing but are not clearly identified with specific product units are called:
A. Direct materials. B. Secondary materials. C. Materials inventory. D. General materials. E. Indirect materials.
Wilson Window and Siding Company is a closely held family-owned company that sells exterior siding and windows to businesses and homeowners. The business-to-business market is designed to serve a variety of businesses by replacing wood siding with vinyl siding. In addition, they can customize windows to match any size that a business or homeowner might desire. Wilson Window and Siding employs approximately 35 individuals who report directly to the company president and owner, Max Wilson. Max learned about managing and leading the company from his father, who was a strict but friendly man. Max has developed a reputation as a shrewd businessperson who believes that his way is the right way. He sets all company policies and standards, and expects all employees to follow the rules and
standards he has implemented. Employees enjoy the work environment at Wilson Window and Siding Company but are sometimes frustrated because they're not able to quickly respond to customer requests or changes in their needs and are not empowered to make decisions. It's likely that Wilson Window and Siding Company has implemented a ____________ organizational structure. A. centralized B. decentralized C. controlled D. paternal