Firms recognize an ______________________________ when the carrying amount of a fixed asset exceeds its fair value and is deemed not recoverable
Fill in the blank(s) with correct word
impairment loss
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Which of the following have a balance sheet similar in format to a manufacturing firm?
a. Transportation b. Banks c. Utilities d. Transportation and utilities e. Transportation and banks
Common cause variations are ______.
A. the result of random natural differences B. so called because they occur frequently C. those that occur only occasionally under special circumstances D. the result of government interference in business
The management at Morningside Logistics & Fulfillment is in crisis mode. Their proprietary order fulfillment software has malfunctioned, and though their information technology (IT) department assures them that a solution is forthcoming, in the meantime they have a mounting backlog of unfulfilled orders. Adding to the difficulty of the situation is the fact that completion of these orders necessitates access to sensitive company information. Management's best option is to
A) inform their customers that they have experienced an IT glitch, and offer them a 20 percent discount for the entire quarter to cover any losses they might incur. B) recruit the help of talented employees within the organization, even though this will give them access to information that is normally the purview of top management alone. C) outsource the problem to a competitor, with the understanding that doing so runs the risk of giving their rival an edge over Morningside Logistics. D) bring in help from an overseas firm, despite the fact that doing so may involve a learning curve and language barrier, because this is the cheapest solution. E) attempt to solve the problem entirely at the level of top management, with the knowledge that the task is monumental and will involve working around the clock for weeks.
____ is one of the most effective rewards a team leader can provide.
A. Advice B. Praise C. Time D. Friendship