Garrett ordered 100 pieces of 2 × 6 lumber from his supplier and paid upon delivery. Later, when he unpacked the lumber, he discovered that the supplier had delivered 2 × 4 lumber. After being notified, the supplier picked up the lumber, apologized, and gave Garrett his money back. The response the supplier made to rectify the breach is:
A) an injunction.
B) mitigation.
C) liquidation of damages.
D) None of these
D
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On October 1, Vista View Company rented warehouse space to a tenant for $3900 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is:
A. Debit Rent Receivable, $11,700; credit Rent Earned, $11,700. B. Debit Unearned Rent, $7800; credit Rent Earned, $7800. C. Debit Rent Receivable, $19,500; credit Rent Earned, $19,500. D. Debit Unearned Rent, $19,500; credit Rent Earned, $19,500. E. Debit Unearned Rent, $11,700; credit Rent Earned, $11,700.
In a general partnership, which of the following acts must be approved by all the partners?
a. Dissolution of the partnership. b. Admission of a partner. c. Authorization of a partnership capital expenditure. d. Hiring an employee.
Which is not a trait of the perfect leader according to Machiavelli?
a. Ability to manipulate b. Bold in action c. Stealthy when needed d. Negotiating in an ethical manner
Which of the following managerial types have most likely gained insight into their dark-side traits and found ways to negate the debilitating effects of these traits on followers?
A. taskmasters B. cheerleaders C. figureheads D. competent managers