Answer the following statements true (T) or false (F)
1. You should set your own rules to define what work-life balance looks like for you.
2. You should avoid thinking about retirement in order to achieve optimal work-life balance.
3. Imbalance that individuals face in college generally works itself out and is not a problem when they transition to professional life.
4. The best way to achieve work-life balance is to resign yourself to a career devoid of promotions and advancement.
5. Our lives can be neatly separated into a work sphere and a personal sphere.
1. True
2. False
3. False
4. False
5. True
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Answer the following statements true (T) or false (F)
1. Profits and losses in a partnership must be shared based on each partner's capital balances. 2. If the partnership agreement specifies a method for sharing profits but not losses, then losses are shared the same way as profits. 3. The sum (or total) of the net income (loss) allocated to each partner should always equal the total net income (loss) of the partnership. 4. The withdrawal accounts of a partnership are closed at the end of the period, as they are for a sole proprietorship. 5. Like a sole proprietorship's statement of owner's equity, the statement of partners' equity will show all the partners'capital accounts as one account.
Answer the following statements true (T) or false (F)
Unrealized capital adjustments in owners’ equity are becoming more prevalent as a result of SFAC No. 130 on comprehensive income.
Denormalization is the process of splitting or combining normalized relations into physical tables based on EFFICIENCY of use of rows and fields
Indicate whether the statement is true or false
These accounts can be set up in most banks and credit unions and are guaranteed if the institution is FDIC- or NCUSIF-insured.
A) Roth IRA B) Money Market Accounts C) 401(k) D) Stock Brokerage Accounts E) Shared Checking