Answer the following statements true (T) or false (F)
1. The best way to manage virtual teams is to focus on what's accomplished, not whether an employee is working from her patio or at 10 p.m.
2. When parties to a conflict have deeply rooted, opposing value systems, collaboration is inappropriate for resolving the conflict.
3. Devil's advocacy is the process of assigning someone to play the role of critic to voice possible objections to a proposal.
4. Leadership is the ability to influence employees to voluntarily pursue organizational goals.
1. TRUE
The best way to manage virtual teams is to focus on what's accomplished and whether goals are being met, not whether an employee is working from her patio or at 10 p.m.
2. TRUE
Collaboration is appropriate for complex issues plagued by misunderstanding. It is inappropriate for resolving conflicts rooted in opposing value systems.
3. TRUE
Devil's advocacy is the process of assigning someone to play the role of critic to voice possible objections to a proposal and thereby generate critical thinking and reality testing.
4. TRUE
Leadership is the ability to influence employees to voluntarily pursue organizational goals.
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Truth is not a defense to a defamation action.
Answer the following statement true (T) or false (F)
Gestures that are used to control turn-taking in conversations are called ______.
a. emblems b. illustrators c. regulators d. adaptors
The main differences between the financial statements of a manufacturing business and a retail business are in the cost of goods sold section of the income statement and the current liabilities section of the balance sheet
Indicate whether the statement is true or false
A company uses the aging of accounts receivable method to estimate its bad debts expense. On December 31 of the current year an aging analysis of accounts receivable revealed the following: Account AgeBalanceEstimated Uncollectible PercentageCurrent (not yet due)$620,0000.5%1-30 days past due270,0002.0%30-60 days past due145,0008.0%61-90 days past due55,00020.0%90-120 days past due32,00050.0%Over 120 days past due18,00070.0%Total$1,140,000?Required:a. Calculate the amount of the Allowance for Doubtful Accounts that should be reported on the current year-end balance sheet.b. Calculate the amount of the Bad Debts Expense that should be reported on the current year's income statement, assuming that the credit balance of the Allowance for Doubtful Accounts on January 1 of the current year
was $41,000 and that accounts receivable written off during the current year totaled $43,200.c. Prepare the adjusting entry to record bad debts expense on December 31 of the current year.d. Show how Accounts Receivable will appear on the current year-end balance sheet as of December 31. What will be an ideal response?