According to McClelland, the need for ________ is the extent to which a person is concerned with being liked and having others get along well with one another.
A. power
B. affiliation
C. control
D. independence
E. achievement
Answer: B
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In a(n) ______________________________ billing system, invoices are prepared after the goods have been shipped and the sales order notification has been matched to the shipping's billing notification
Fill in the blank(s) with correct word
A LIFO liquidation during periods when prices are increasing results in a company
a. recording a large inventory write down. b. recording higher earnings than it would have if it had used FIFO. c. recording lower earnings than it would have if it had used FIFO. d. having operational problems, but no financial statement effects.
To rescind a contract, the parties must make restitution of the consideration they received under the contract
Indicate whether the statement is true or false
Select the correct answer
a. Rosie rents a locker at the airport, and she puts a bag in the locker. Rosie keeps the locker key. In this case, the bag has been delivered to and accepted by the airport. The airport is a bailee. b. Hill rents a boat to Dan. The boat is located at a lake 30 miles away. Hill gives Dan keys to the boat. Dan drives to the lake and takes possession of the boat. In this case, the boat has been delivered to and accepted by Dan, and Dan is a bailee. c. Unknown to Lon, Jeff left a bike at Lon's house. Lon has not found the bike and he is not likely to find it because Jeff left the bike under the front porch. In this case, Lon is a bailee of the bike. d. Ken parked a car in a self-service lot and Ken kept the keys. The parking lot is a bailee.