Explain why effective communication occurs only when the source and the receiver have a mutual frame of reference
What will be an ideal response?
For effective communication to occur, both the source and the receiver must have an understanding of the message. If the message cannot be decoded by the receiver in the way the sender intended it, then there will not be successful communication.
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Experience and research indicate that high-performance project teams are much more likely to develop under all the following conditions EXCEPT
A. Team members are selected by their managers. B. Members are assigned to the project full time. C. Members report solely to the project manager. D. The project involves a compelling objective. E. There are 10 or fewer members per team.
Prior to 2009, which of the following types of FASB Pronouncements carried the highest authority within GAAP by establishing the methods and procedures required on specific accounting issues?
A. Staff Positions B. Statements of Financial Accounting Standards C. Statements of Financial Accounting Concepts D. Technical Bulletins
Becky has a $24,000 basis in her partnership interest. She receives a current distribution of $4,000 cash, unrealized receivables with a basis of $12,000 and an FMV of $16,000, and land held as an investment with a basis of $3,000 and an FMV of $8,000. The partners' relative interests in the Sec. 751 assets do not change as a result of the current distribution. The basis of her partnership
interest following the distribution is A) $5,000. B) $1,000. C) $0. D) ($4,000).
Which of the following journal entries would have to be made to record X's share of Y's net income for 2016?
On January 1, 2016, X Inc. purchased 25% of the voting shares of Y Inc. for $100,000. The investment is reported using the equity method, as X has significant influence over Y. Y's net income and declared dividends for the following three years are as follows:
