What are the four major areas of concern that small firms have in relation to government regulations?
What will be an ideal response?
The first problem that small firms have in relation to government regulations is the difficulty of understanding some of the regulations. Many of them are often confusing and very restrictive.
A second problem is the enormous amount of paperwork involved in preparing and handling the reports needed to comply with government regulations and in maintaining the records needed to satisfy the regulators.
A third problem is the difficulty and cost of complying with the regulations.
Finally, the fourth problem is that regulations tend to discourage small firms from hiring more workers as their employment approaches the cutoffs set by federal laws and regulations.
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Uniform Supply accepted a $12,800, 90-day, 9% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? (Assume reversing entries are not made.). (Use 360 days a year.)
A. Debit Cash $13,088; credit Interest Revenue $240; credit Interest Receivable $48; credit Notes Receivable $12,800. B. Debit Cash $13,088; credit Interest Revenue $288; credit Notes Receivable $12,800. C. Debit Cash $13,088; credit Interest Revenue $48; credit Interest Receivable $240; credit Notes Receivable $12,800. D. Debit Cash $13,088; credit Notes Receivable $13,088. E. Debit Notes Receivable $12,800; debit Interest Receivable $288; credit Sales $13,088.
Extreme dysfunctional thinking (i.e., black and white thinking) at the team level can lead to what type of evaluations?
a. Open-minded b. Ends of spectrum c. All aspects of spectrum d. None of the above
A criticism of the stakeholder interest theory of the social responsibility of business is that it is
often impossible to determine how the interests of the different stakeholders should be balanced. Indicate whether the statement is true or false
All employees are primarily motivated by financial rewards.
Answer the following statement true (T) or false (F)