Identify the true statement about normative myopia.
A. It occurs when decision makers fail to notice gradual changes over time.
B. It has only been observed to occur in business.
C. It only results from focusing failures.
D. It refers to the shortsightedness about values.
Answer: D
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The purchase of stocks and bonds to obtain a return on the funds invested is known as __________.
Fill in the blank(s) with the appropriate word(s).
Employers must provide ________ to attract and retain young workers because otherwise they will be at a competitive ________.
A. training; status-quo B. education; advantage C. rewards; advantage D. incentives; disadvantage
Liability for injuries on flights within the United States is determined by ____________________
Fill in the blank(s) with correct word
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 30?
A. Debit Treasury Stock, Common $4,000; credit Cash $4,000. B. Debit Cash $4,000; credit Treasury Stock $4,000. C. Debit Common Stock $100; debit Treasury Stock $3,900; credit Cash $4,000. D. Debit Treasury Stock $3,900; debit Paid-in Capital, Treasury Stock $100; credit Cash $4,000. E. Debit Common Stock $4,000; credit Cash $4,000.