Which company was used in the textbook to describe a communal culture where staff are encouraged to work together by pitching in and helping out where necessary?
a. Enron
b. Southwest Airlines
c. Apple
d. Pioneering Health
b. Southwest Airlines
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A bond issue of $100,000 selling at 98, would require a journal entry including a
a. debit to Bonds Payable for $98,000. b. credit to Cash for $98,000. c. credit to Premium of Bonds Payable for $2,000. d. debit to Discount on Bonds Payable for $2,000.
A firm's collection period is 46 days; its overall terms are 30 days. This indicates _____
a. slow-turning accounts receivable b. fast-turning accounts receivable c. average-turning accounts receivable d. full paying of accounts payable
In path goal theory, employees seek less autonomy in less difficult tasks.
a. True b. False
Early payment on a mortgage can result in a prepayment penalty
Indicate whether the statement is true or false.