A partnership does not have perpetual existence and can "die" when the partnership agreement expires
Indicate whether the statement is true or false
TRUE
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Transactions are listed in the journal chronologically
Indicate whether the statement is true or false
The task of crafting a company's strategy would not normally be described as which of the following?
A. Ultimate responsibility for leading the strategy-making task rests with the chief executive officer. B. In most companies, crafting strategy is a team effort, involving managers and often key employees at many organization levels. C. In most of today's companies, every company manager has a strategy-making role, ranging from major to minor, for his or her area of responsibility. D. It is the responsibility and duty of a company's board of directors to ensure that new strategy proposals can be defended as superior to alternatives and, ultimately, to approve or disapprove of the strategy formulated and proposed by the company's management. E. The task of crafting strategy is best done by a company's chief strategic planning officer, who should report directly to the company's CEO and board of directors.
Wes, who is an art collector, offered to buy a print from Le Monde Gallery. Le Monde balked at the price, sending Wes a letter of rejection. That day it discovered that the print was not as highly valued as originally thought. Le Monde immediately telephoned Wes to accept his offer. Is there a contract?
a. Yes, since the acceptance was received before the rejection. b. No, because the rejection was effective upon dispatch. c. No, because the rejection terminated the offer. d. Yes, because the acceptance is always effective upon dispatch.
Which of the following communication channels should ideally be used whenyou need to reach a large audience with an important message?
A. Voice mail B. Telephone conversation C. Direct marketing D. In-person presentation