Which of the following factors when combined with cohesiveness fosters groupthink?
A. A leader with an impartial stance instead of stating personal opinions and preferences
B. A group that consistently exhibits high performance
C. A highly insulated group with restricted access to external information
D. An open group with the majority of the group consisting of low-skilled employees
Answer: C
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Which of the following entries ensures the proper separation of revenues and expenses between successive accounting periods?
a. adjusting; b. closing; c. reversing; d. general journal; e. purchasing.
A company purchased mining property for $4,875,000 containing an estimated 15,000,000 tons of ore. In Year 1, it mined 689,000 tons of ore and in Year 2, it mined 935,000 tons. Calculate the depletion expense for Year 1 and Year 2 and determine the book value of the property at the end of Year 2.$4,875,000/15,000,000 tons = $0.325 per tonYear 1: 689,000 tons * $0.325 per ton = $223,925Year 2: 935,000 tons * $0.325 per ton = $303,875
What will be an ideal response?
When a bailee is holding goods that are to be delivered under a contract without being moved, the risk of loss cannot pass to a buyer
Indicate whether the statement is true or false
Counterfeiting is: A) a federal crime only
B) a state crime only. C) both a federal and state crime. D) determined by the individual.