Danny, a manager at Westport Inc, is in charge of creating and presenting a report of a plan for building a new office in a city. He plans to make the presentation interesting by gaining the attention of the entire audience effectively. Which of the following is an attention-getting technique he can use?
A) ?Avoiding shocking statements
B) ?Using quotations by experts
C) ?Using inappropriate jokes
D) ?Avoiding personal references
B
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On January 1, 2016, the Mills Car Repair Company acquired equipment at a cost of $55,000. At that time, the equipment was estimated to have a residual value of $5,000 at the end of an estimated five-year service life. During 2016 and 2017, the company recorded straight-line depreciation on the equipment.
Required: Prepare all the journal entries for 2018 relating to the equipment for each of the following independent situations (ignoring income taxes): ? a. Assume that the company switched to sum-of-the-years'-digits depreciation at the beginning of 2018 with a new estimated remaining life of four years. b. Assume, instead, that at the beginning of 2018, the equipment is determined to have a five-year remaining service life. Straight-line depreciation will still be used. c. Assume, instead, that at the beginning of 2018 the company discovered that it had erroneously ignored the estimated residual value in the computation of its depreciation for 2016 and 2017. What will be an ideal response?
The trend for firms in regard to country risk assessment (CRA) is to
A. concentrate much more on CRA in making decisions about foreign activities. B. avoid it as an added cost in competitive markets. C. use CRA in obviously dangerous locations, but only in those situations, to control costs. D. hire consultants to reduce CRA insurance costs.
The ________ is considered as the standard rate for variable overhead variances
a. prior–year rate b. actual rate c. predetermined overhead rate. d. industry average rate
Open, honest communication is the single most important factor in successfully creating a Total Quality Management (TQM) environment
Indicate whether the statement is true or false