Arnold, Inc purchased a truck on January 1, 2009, for $40,000. The truck had an estimated life of 5 years and an estimated salvage value of $5,000. Arnold Inc used the straight-line method to depreciate the asset. On July 1, 2012, the truck was sold for $7,000 cash. The journal entry to record the sale of the truck in 2012:
A) decreases equity.
B) increases total assets.
C) decreases total expenses.
D) increases net income.
A
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Which of the following is NOT a hindrance to perfectly rational decision making?
A. Conflicting goals B. Imperfect information C. Information overload D. Limited cognitive capacity E. Lack of intuition
Mr. Roberts has a team comprising several members who have worked for him for more than five years and have much knowledge of the jobs that they perform. Mr. Roberts sometimes gets very busy, and when this happens, he will often ask several of his team members to get together and make a decision pertaining to some problem on their own. This behavior would be described as ______.
a. autocratic b. consultation c. participation/facilitation d. delegation
According to equity theory, which factor is not considered in determining whether an employee is being treated fairly?
a. the ratio of the effort she puts into the reward she gets b. how much she earns compared to others doing the same job c. the favoritism displayed by her supervisor to a coworker d. whether and employee has enough self-efficacy
The specialized part of public relations that counsels management on how to respond negative situations is which of the following?
A. Marketing D. Public affairs B. Issues management E. Crisis management C. Investor relations