Morgan Trucking traded a used truck with a book value of $1,700 and a fair market value of $2,300 for a new truck with a list price of $17,800 . Morgan agreed to pay $13,000 in cash for the exchange in addition to giving up the used truck. Assuming the exchange has commercial substance, at what amount should the new truck be recorded?
a. $17,800
b. $15,300
c. $14,700
d. None of these
B
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The ________ can be used to assess the strength of association in a table of any size
A) contingency coefficient B) coefficient of variation C) phi coefficient D) chi-square coefficient
According to the section on “How Not to Build Identification With the Leader”, what type of behavior undermines the extent to which team members identify with the leader?
a. surveillance and overmonitoring b. giving rewards—it undermines both intrinsic motivation and identification c. excessive praise—it convinces subordinates you are trying to flatter them d. use of “we” statements—they create resistance and threats to autonomy
Cindy earned a 10 percent increase in her salary and received the entire increase at the beginning of the year, with the stipulation that she would not leave the company in that year. Five months later, she quit her job and went to work for a competitor. She had to return the 10 percent payment she had received because she had violated a rule for
A. lump-sum salary increase. B. profit-sharing. C. commission. D. employee benefit. E. wage compensation.
Ben Small, a sole practitioner, has just decided to form a law partnership with his lifetime friend, Harvey Steptoe. They agree to name the firm Steptoe and Small and to split all profits. Ben is also a director for a publicly-traded telecommunications firm, NewVector, Inc Ben has just learned that Harvey is lead counsel is a lawsuit against NewVector. Ben continues to serve as a board member and
participates in sensitive discussions about the lawsuit. Ben does not disclose that Steptoe is his partner. Ben's feeling is that he and Harvey are as honest as the day is long and neither would compromise their duties to NewVector and client, respectively. a. Ben has a conflict of interest and must either resign as a director or leave the partnership. b. The pledge of both Ben and Harvey is sufficient to cover the ethical issues on conflict. c. It is Harvey's obligation to take action, not Ben's. d. None of the above