David, marketing/sales manager for WTU Corporation, said to his employee, "Gordon, I will be out next week on client business. In my absence, I'd like you to serve as acting manager. On Monday, I'd like you to lead our weekly sales meeting. Also, please assign client contacts to the sales staff for the upcoming trade show. Lastly, decide upon final terms for our contract with Acme Power, and negotiate that contract to closure. I'm glad that I can count on you." In empowering Gordon, David has

A. shared power.
B. centralized power.
C. monopolized power.
D. personalized power.
E. demonstrated extinction.


Answer: A

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Referring to Table 11.3, the cross-exchange rate between the euro and Swiss franc is approximately



a. .68 euros per franc.
b. .68 francs per euro.
c. .64 euros per franc.
d. .64 francs per euro.

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What is the going-concern postulate of ARS 1, and how has it been criticized?

What will be an ideal response?

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Musicians & Performers Union represents the employees of Poignant Legerdemain, Inc. During negotiations over conditions of employment, each side rejects the other's proposal without offering a counterproposal. This indicates

A. bad faith. B. good faith. C. each party's attempt to obtain concessions on other subjects. D. reasonable efforts to come to an agreement.

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Pain and suffering, mental anguish, and loss of physical abilities are included in which type of damages in a tort case?

A. Noneconomic B. Compensatory C. Economic D. Punitive

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