In the context of grit, the commitment to long-term goals through purposeful deliberate practice is called ___________.
a. resilience
b. excellence
c. conscientiousness
d. perseverance
d. perseverance
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When a periodic inventory system is used, ________.
A) an adjusting entry is needed to record the ending Merchandise Inventory account balance B) the process for closing the Income Summary and Dividends accounts differs from the process used in the perpetual inventory system C) beginning Merchandise Inventory, Purchases, and Freight In accounts are closed via the Income Summary Account D) there is no need to take a physical count of inventory
Transaction authorization occurs in a traditional manufacturing environment in all of the following ways except
a. production planning and control initiates production with a work order b. movement of the work through the production process follows the move ticket c. the sales department modifies work orders to match changes in demand d. the materials requisition authorizes the storekeeper to release materials to the work centers
One way that culture can influence negotiation is through protocol. Briefly define the use of protocol in negotiation. How does the American culture rank compared to other countries in the use of protocol?
What will be an ideal response?
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $38,000 and $28,000 respectively, and the remainder equally. How much of the net income of $75,000 is allocated to Xavier?
A) $66,000 B) $40,000 C) $35,000 D) $43,000