The recommended method for responding to an apparently stupid idea is to
A. ask others to enhance its value by building on it.
B. critique the idea.
C. take an immediate vote on the idea.
D. explain why the idea will not work.
Answer: A
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If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $2,060,000 b. $2,000,000 c. $2,100,000 d. $1,940,000
Internal controls for handling sales returns and allowances do not include
a. computing bad debt expense using the percentage of credit sales b. verifying that the goods have been returned c. authorizing the credit memo by management d. using the original sales invoice to prepare the sales returns slip
An unconscionable contract can be enforced if the unconscionable clause is removed from it
Indicate whether the statement is true or false
What scholar(s) provided grounded research support for the group effectiveness approach?
A. Hackman and Walton B. McGrath C. Larson and LaFasto D. Hill