Social capital has downsides. Which of the following is a downside?
A. Individuals may be more willing to collaborate on joint projects.
B. High social capital may breed groupthink.
C. Management commitment is easy to obtain.
D. Socialization processes are inexpensive.
Answer: B
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Simmons Inc is an American firm that manufactures and distributes a line luxury furniture under the brand name Elegant Living
The firm measures the loyalty levels of its customers and classifies them into the different groups based on their loyalty index. Which of the following customers are most likely to be classified as spinners by Simmons Inc? A) Customers who have a loyalty score between 50 to 69. B) Customers who purchase an Elegant Living furniture one time because of an attractive discount. C) Customers who are first-time buyers. D) Customers who are likely to recommend Elegant Living furniture to potential buyers. E) Customers who buy a lot of Elegant Living products as well as products from other furniture brands.
Which of the following statements is not true regarding the use of a judgmental approach by auditors in determining whether a misstatement is clearly trivial?
a. The determination is based on past auditor experience. b. The determination is usually not very defensible to third-party users. c. The determination is usually not very defensible to regulators. d. The determination uses percentages for the likelihood of misstatement.
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is $3,250?
A. Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750. B. Debit Cash, $7,750; Credit Prepaid Insurance, $7,750. C. Debit Insurance Expense, $4,500; credit Prepaid Insurance, $4,500. D. Debit Insurance Expense, $3,250; credit Prepaid Insurance, $3,250. E. Debit Prepaid Insurance, $4,500; credit Insurance Expense, $4,500.
CEOs often have stronger impact in young organizations.
a. true b. false