When individual creativity and independent thinking are lost to group cohesiveness, the condition is known as ____________________.
Fill in the blank(s) with the appropriate word(s).
groupthink
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Singer's share of the income be if the income for the year is $50,000?
a. $24,000 b. $22,000 c. $16,000 d. $23,400
The Carrasco Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $750,000 during 2018 and $1,125,000 during 2019. The contribution to the pension plan was $600,000 on December 31, 2018 and $1,200,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets are both 10%. The actual return on plan assets was 10.5%. Retirement benefits pertaining to years of service prior to 2018 were not granted to the employees. What is the balance of the projected benefit obligation as of December 31, 2019?
A. $1,200,000 B. $2,062,500 C. $1,950,000 D. $1,875,000
Which of the following is not true of the amount of information searched by customers?
A. The value of the search stems from how it improves the customer's purchase decision. B. Consumers will spend more time searching for information when they have prior experience with the merchandise category. C. The costs of search include both the customer's time and money. D. The amount of information searched depends on the value customers feel they can get from searching versus the cost of searching.
Equivalent units of production is the number of units that could have been started and completed given the costs incurred during the period.
Answer the following statement true (T) or false (F)