A ________ conflict is any confrontation or interaction between groups that harms the organization or hinders the achievement of organizational goals.
A. devil's advocate
B. zero-sum
C. joint-problem
D. dysfunctional
Answer: D
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On a multi-step income statement, which of the following is added to operating income to arrive at net income?
A) sales revenue B) interest expense C) sales discounts forfeited D) operating expenses
Jenning Co adjusts its books each month but closes its books at the end of the year. The trial balance at July 31 before adjustments is as follows: Debit Credit Cash $12,920 Accounts Receivable 9,620 Supplies 1,400 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation—Equipment $10,400 Unearned Service Revenue 6,500 Capital Stock 7,190 Retained Earnings 23,500 Dividends 1,560
Service Revenue 16,510 Wages and Salaries Expense 7,800 Utilities Expense 380 Rent Expense 1,300 $64,100 $64,100 Refer to the trial balance for Jenning Co According to contracts, $4,810 of Unearned Service Revenue has been earned in July. Which of the following is the correct amount of Service Revenue to be reported in the July income statement? a. $20,410 b. $11,700 c. $21,320 d. $16,510
How does the text recommend that an organization find out if its outreach efforts are being noticed by the community?
a. Have the organization’s own employees take informal surveys. b. Give the Corporate Philanthropy Index survey to multiple stakeholders. c. Poll clients and customers about their experience with the organization. d. Search for media reporting about the organization.
What is the most logical explanation for why retailers carry private-label brands?
A) to eliminate the need for competitive advantages B) to encourage transaction marketing C) to support trade promotions D) to earn more profit E) to prevent sales cannibalization