Emotional intelligence concerns understanding and managing the moods and emotions of oneself and of other people.
Indicate whether the statement is true or false.
Answer: True.
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John and Lena sign a contract with the owner of Little Fairy, a well-known preschool chain, to start a preschool in their city. They take permission from the owner to use the name and products of Little Fairy. They also furnish their preschool in Little Fairy's trademark style. In this scenario, John and Lena are starting a _____.
A. corporation B. sole proprietorship company C. limited liability company D. franchise
Goshen City acquires $36,000 of inventory on November 1, 20X5, having held no inventory previously. On December 31, 20X5, the end of Goshen City's fiscal year, a physical count shows $7,000 still in stock. During 20X6, $5,000 of this inventory is used, resulting in a $2,000 remaining balance of supplies on December 31, 20X6.Based on the preceding information, which of the following would be the correct account balances for 20X6 if Goshen City used the consumption method of accounting for inventories? ExpendituresInventory ofSuppliesA.$5,000 $2,000 B.$0 $2,000 C.$0 $7,000 D.$7,000 $2,000
A. Option A B. Option B C. Option C D. Option D
Valerie is beginning to think of harvesting her company. Which question should be asked first?
A. Why does she want to harvest? B. What is the value of her firm? C. Does the firm have a leadership succession plan in the event that the firm sells? D. What will be the method of payment?
The combination of two or more companies to form a completely new corporation is a ________.
A) congeneric formation B) consolidation C) spin-off D) conglomerate merger