A key to strong control over petty cash is to ensure that several persons serve as custodian at one time
Indicate whether the statement is true or false
FALSE
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Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a ratio of 3:2 . Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000 . If the noncash assets are sold for $80,000, the Macki's capital account will
a. decrease by $16,000 b. decrease by $24,000 c. increase by $24,000 d. decrease by $40,000
If insured goods are shipped FOB destination, the seller should file a claim for goods damaged in transit
Indicate whether the statement is true or false
Naoyuki is a surgical technologist at a hospital. His job involves helping out during surgeries. Among other things, he hands supplies to surgeons and surgeons’ assistants, holds retractors and other instruments, and performs various tasks requested by the surgeon. An individual bonus plan would not work for Naoyuki because of which disadvantage of individual incentives?
A. Many jobs have no direct output. B. Individual incentives may motivate undesirable employee behaviors. C. The record-keeping burden needed for individual incentives is high. D. Individual incentives may not fit organizational culture.
Human Resource Management emerged as a distinctive approach to the management of people in which decade:
a. 1980s b. 1990s c. 1970s d. 1960s