If a company owns more than 20% of the stock of another company and the stock is being held as a long-term investment, which method would the investor normally use to account for this investment?
A. Fair value method.
B. Cost with amortization method.
C. Historical cost method.
D. Effective method.
E. Equity method.
Answer: E
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A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
A. quality circle B. group C. panel D. collaborative unit E. team
_____ are the fundamental duties of the position.
A. Requirements B. Specifications C. Marginal functions D. Essential functions E. Deliberations
Answer the following statement(s) true (T) or false (F)
1. Deming’s quality control method is often referred to now as total quality management. 2. Quality circles do not involve employees in improving the work environment and the quality of the output by making suggestions to upper management for areas of improvement. 3. Organizational cultures also exist within local or national cultures that have their own influence on the behaviors of organizational members. 4. The ability to effectively adopt change became the difference between successful and mediocre organizations. 5. To illustrate why organizations often succeed at learning, Argyris developed two models of managerial thinking: Model I and Model II.
In top-down budgeting, top management prepares the budget with the involvement of the middle and supervisory managers.
Answer the following statement true (T) or false (F)