Categories are collectively exhaustive if each response fits into one and only one category code
Indicate whether the statement is true or false
FALSE
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The control plan compare vendors for favorable prices, terms, quality, and product availability is directed primarily at which of the following control goals?
a. ensure effectiveness of operations b. input validity c. input accuracy d. input completeness
The single-step and multiple-step forms of the income statement produce the same net income
Indicate whether the statement is true or false
This question contains two parts; be sure to answer both. First, list and describe five basic behaviors that enable a manager to work on disagreements and keep them from flaring into out-of-control personality conflicts. Second, suppose that you are dealing with a very unhappy assistant. He has worked for you for three years, and he has done excellent work, going above and beyond the call of duty. However, the company has placed a freeze on hiring and promotions, and for the last three years no employee has received more than a 2 percent raise. Your assistant is frustrated at his ever-increasing workload, and he wants to be promoted to a position with more responsibility and creativity. You suspect that he may be looking for another job. Which of the behaviors that you listed would you
use to manage the conflict with your assistant? Be specific, and explain your answer. What will be an ideal response?
Which of the following is NOT true about insurance?
a. Agents are licensed by the national Insurance Licensing Agency. b. Agents represent insurance companies and sell policies. c. Brokers represent the buyers of insurance and evaluate policies to find the best for a client. d. Agents must pass exams regularly. e. The CPCU is credentialed to sell property and casualty insurance.