Which of the following statements concerning power and authority is correct?
a. It is correct to have influence yet no responsibility for the actions taken.
b. Personal constructs of the user determine the strength of the power exerted.
c. In order for power to be meaningful, it has to be accepted.
d. Power and authority mean basically the same thing.
C
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Who holds a valid claim against someone filing a chapter 11 bankruptcy?
a. Examiner b. Debtor c. Creditor d. Adjuster
Which of the following is not an application of accrual accounting?
A) Recording advertising fees earned at the time the work is done. B) Adjusting unearned advertising fees to the proper balance at the end of the month. C) Recording advertising fees earned at the time the cash payment is received. D) Recording telephone expense in the accounting period covered by the monthly bill.
Lois Kent has owned and managed the operations of a small chain of sporting goods stores for the past two years. She has asked her administrative assistant to provide her with some annual reports of other companies that sell sporting goods as well as
some published reports showing norms for the sporting goods industry so that Lois can compare the financial ratios of her company with those of other companies that sell sporting goods. Discuss the limitations of using comparisons with other companies and industry norms, which Lois needs to remember.
An ______ is the opposite of an internal preview in that it reminds audience members of what they just heard or learned.
a. external conclusion b. internal conclusion c. external summary d. internal summary