According to Collins, the power to simply make decisions is referred to as ______ leadership.
A. executive
B. legislative
C. figurehead
D. charismatic
A. executive
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Initiative applies only to external customer situations.
Answer the following statement true (T) or false (F)
A contract is a binding agreement that the courts will enforce
a. True b. False Indicate whether the statement is true or false
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On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31, and adjustments are only made at year-end. The adjusting entry needed on December 31 is:
A. Debit Interest Receivable, $1,000; credit Interest Revenue, $1,000. B. Debit Interest Receivable, $500; credit Interest Revenue, $500. C. Debit Interest Expense, $1,000; credit Note Payable, $1,000. D. No entry required. E. Debit Interest Expense, $5,000; credit Interest Payable, $5,000.