Henri Fayol, in the early part of the twentieth century proposed that all managers perform ________ functions.
A. three
B. four
C. five
D. nine
Answer: C
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Which of the following is the least likely means a company might choose to meet the needs of international investors?
a. Translation of financial statements or annual reports into the language of the user. b. Denomination of the financial statements in the currency of the country where the financial statements will be used. c. Mutual recognition in which one country accepts the financial statements of another country for regulatory purposes such as listing on stock exchanges or filing annual reports. d. Partial or complete restatement of financial statements to the accounting principles of the financial statement users' country.
The company's required rate of return is 10%. Using the factors in the table below, calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar.)
Zoey Company is considering purchasing new equipment that costs $726,000. Its management estimates that the equipment will generate cash inflows as follows:
A) $793,414
B) $797,481
C) $828,406
D) $808,971
Gary and Herman are partners in a lawn mower repair business in Ohio. While Gary is on vacation, visiting his sister in Georgia, his sister's neighbor has trouble with her mower and Gary fixes it for her. She insists on paying him. Gary
a. may keep the payment since he did the work while he was on vacation. b. must turn the money over to the partnership because he earned it doing the kind of work that the partnership does. c. may not accept the money because it would create a conflict of interest. d. may not accept the money because it would mean he was taking a business opportunity away from the partnership.
A subagent is an agent of both the principal and the agent
a. True b. False Indicate whether the statement is true or false