Name and explain the two principles of Justice as Fairness theory?
What will be an ideal response?
Principle of equal liberty and Principle of Equal Opportunity/Difference Principle
Cognitive Domain: Comprehension
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Without ________, behavioral loyalty cannot develop.
A. tactical training B. customer satisfaction C. strategic likability D. solo exchange transactions E. relational dissolution
Answer the following statements true (T) or false (F)
1. When a partner withdraws his or her interest in the partnership, both assets and equity will decrease. 2. If a withdrawing partner receives assets worth more than the book value of his or her equity, the capital accounts of the remaining partners decrease. 3. When a partner withdraws his or her equity for cash, the corresponding capital account will be closed. 4. When a partner dies, the partnership ceases to exist, and the deceased partner's estate will have ownership of the partner's equity in the partnership.
Briefly describe the "stereotype threat."
What will be an ideal response?
Using the following transactions, calculate (a) net income for the period, as well as the ending balances of (b) total assets, (c) total liabilities, and (d) Cash
a. Opened business by issuing common stock for $36,000. b. Paid one year's insurance in advance, $2,400. c. Billed customers for services rendered, $6,000. d. Received utility bill, to be paid next month, $400. e. Received $800 in advance of performing a service. f. Received $4,400 from customers billed in c. g. Paid $300 on the utility bill of d. h. Dividends of $2,000 were declared and paid.