Which of the following managers is displaying good practice when sending a good-news message??
A) ?Ron, a manager at Techwhiz Inc., organizes a message regarding a pay bonus such that the main idea is presented at the end.
B) ?Angelina, a manager at Ahoma Inc., writes a job promotion message to an employee starting with the main idea, followed by an explanation.
C) ?Rohan, a manager at Olympiano Technologies Corp., briefly notifies his employees about a paid vacation policy without providing additional details.
D) ?Anjali, a manager at Balvania Corp., indirectly informs her employees about reduced working hours and organizes her message inductively.
B
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On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $14,238 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $7,000; debit Interest Expense $7,238; credit Cash $14,238. B. Debit Interest Expense $6,493; debit Notes Payable $7,745; credit Cash $14,238. C. Debit Notes Payable $10,000; debit Interest Expense $4,238; credit Cash $14,238. D. Debit Notes Payable $14,238; credit Cash $14,238. E. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.
Rapid money supply growth and uncontrollable inflation were among the factors which motivated the creation of the Federal Reserve System
Indicate whether the statement is true or false
Mae Li is beneficiary of a $70,000 insurance policy on her father's life. Upon his death, she elects to receive the proceeds in installments from the insurance company that carries the policy. She will receive $16,000 per year for five years. What are the tax consequences each year?
A) All $16,000 each year is taxable. B) $10,000 interest is taxable in the first year. C) There is no taxable income. D) $2,000 of the $16,000 payment is taxable each year.
Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 1.88. B. 1.98. C. 2.26. D. 2.95. E. 3.05.