Commercial Shipping, Inc., and Dock Services Corporation enter into a contract for Dock to load Commercial's barges for which Commercial agrees to pay Dock. Dock transfers its duty to load the barges to Riverside Freight Company. Dock is
A. a delegator.
B. an assignor.
C. an alien.
D. an obligee.
Answer: A
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What is the best way to remedy a problem in which employees do not recognize that their manager is ethical or there is a manger who does not realize he or she is acting unethically?
a. Create an employee feedback system for ethical perceptions or issues. b. Change the ethics culture of the organization. c. Explain to employees that it is up to them to lead by example. d. Highlight the work of executive leadership when it is of high moral character.
Smith and Company reported net income for the current year. Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?
A) Cash dividends were paid to stockholders during the year. B) Depreciation expense was recorded for the year. C) A bank loan was repaid during the year. D) Equipment was purchased for cash during the year.
Which of the following functions deals with the management of money??
A. ?Marketing B. ?Investment C. ?Financial services D. ?Information systems E. ?Managerial finance
Jordan is a surety for Kelly's loan from Lenders Credit Corporation. When the loan comes due, Kelly tries to pay Lenders Credit, but the creditor rejects the payment. Jordan is
a. released from any obligation on the debt. b. required to pay the amount of the debt to Lenders Credit. c. required to pay up to half of the amount of the debt to Lenders Credit. d. required to pay the amount of the debt to Kelly.