In a survey conducted in the United States, China, and Korea, Neuman and his colleagues (2004) asked managers and business students to what extent task and relationship conflict were a roadblock to success. Virtually all ___________ reported that they believed that task-related conflict was a barrier to success.
a. North Koreans
b. Managers
c. European Americans
d. Leaders
b. Managers
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Which of the following types of needs is satisfied by shopping for designer label merchandise?
A. Functional needs B. Utilitarian needs C. Cultural needs D. Hedonic needs E. Physiological needs
A bank reconciliation begins with the balances as of the beginning of the month
Indicate whether the statement is true or false
A firm may use its accounts receivable as collateral for a loan from a bank or other financial institution. Which of the following is/are true?
a. The firm physically maintains control of the accounts receivable, collects cash from customers, and repays the loan. b. If the firm fails to repay the loan, the lender can claim the receivables. c. If the firm has used its accounts receivable as collateral for a loan, the firm will continue to show those receivables as an asset (and there will also be a loan payable liability). d. The firm should disclose the lending arrangement in its financial reports. e. all of the above
Which of the following represents a shortcoming of plantwide overhead rates?
a. They are not realistic and do not consider manufacturing complexity. b. They are difficult and time-consuming to calculate. c. They tend to understate or overstate product cost. d. Both a and b answers are correct. e. Both a and c answers are correct.