There are five ways in which the complexity increases as three or more parties simultaneously engage in negotiation. Which of the following statements concerning multiparty complexity is false?
A. As informational complexity increases, parties unified in their collective efforts should avoid or minimize conflict by downplaying their differences in order to reach an effective solution.
B. Increased logistical complexity involves the physical distance between the parties as they attempt to resolve their differences and reach agreement.
C. As part of procedural complexity, the parties must decide how they want to approach multiple issues on the table.
D. Social complexity increases as the number of parties increase, because the social environment changes from a one-on-one dialogue to a small-group discussion.
Answer: A
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Items acquired that either become a part of the finished product or are used in the process of manufacturing the finished product are known as
a. materials. b. work in process. c. finished goods. d. cost of goods sold.
Helga works as a nurse in a government-run hospital. She has to work 40 hours a week, from 10 pm to 6 am every day. Which of the following is true of this scenario?
A) Helga is not entitled to receive overtime pay as medical staff does not qualify for it. B) Helga can receive minimum wages and overtime pay only if she works more than 60 hours a workweek, as she is a government employee. C) Helga cannot receive overtime pay as government employees are exempt from it. D) Helga can receive overtime pay if she works more than 40 hours a workweek.
Peters and Waterman’s book was entitled In Search of ______.
a. Wisdom b. Nirvana c. Excellence d. The Holy Grail
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 5,194 | |
| Sales discounts | 106 | |
| Accounts receivable | 5,300 |
B.
| Cash | 5,194 | |
| Accounts receivable | 5,194 |
C.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |