In groupthink, certain members take it upon themselves to protect the leader from dissenting opinions. This symptom is called ______.
A. illusion of unanimity
B. self-censorship
C. self-appointed mindguards
D. collective rationalization
C. self-appointed mindguards
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Under the ____________________, cost of goods sold and the amount of merchandise inventory on hand are updated when merchandise is bought and sold
Fill in the blank(s) with correct word
The accounting for employee stock options does not involve
a. the measurement of the fair value of stock options on the date of the grant using an option-pricing model that incorporates information about the current market price, the exercise price, the expected time between grant and exercise, the expected market price volatility of the stock, the expected dividends, and the risk-free interest rate. b. calculating total compensation cost as the number of options the firm expects to vest times the fair value per option. c. factoring in the firms use of their historical experience on forfeitures due to employees terminating employment prior to vesting to estimate the expected number of options that will vest. d. amortizing the fair value of the stock options on the date of the grant over the requisite service period, which is the expected period of benefit. e. the firm recomputing the fair value of the option at each succeeding balance sheet date to reflect new information about stock prices, volatility, dividend yield, or risk-free interest rates.
The proper treatment of a deposit recorded by the business but not yet recorded by the bank is to report the deposit on the bank reconciliation as a(n):
a. addition to the book balance per checkbook. b. deduction to the book balance per checkbook. c. addition to the balance per bank statement. d. deduction to the balance per bank statement. e. none of the above.
Jennifer, a young business associate with your firm, is anticipating her first international sales tour to make presentations to businesses in five countries. You recall your own first trip abroad and some awkward problems you encountered in business protocol. Which of the following would NOT be good business etiquette advice for Jennifer?
a. Avoid gift-giving, since each culture has its own expectations and taboos. b. Learn how to give and receive business cards appropriately. c. Learn how to deliver the expected greeting such as the handshake, bow, etc. d. Expect to allow extra time prior to the presentation for mingling with the audience.