One of the criteria to be satisfied in order for a business to deduct an expense is that the expense be "necessary." In applying this standard, case law has determined that necessary means
A. mandated by law.
B. indispensable if the business is to succeed.
C. appropriate and helpful to the business.
D. none of the above.
Answer: C
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Which of the following is not an advisable criterion for an effective incentive plan?
A. The rewards are believable. B. The rewards are linked to performance. C. The rewards satisfy individual needs. D. The rewards require rarely attainable performance. E. The rewards are agreed on by the manager and employees.
With regard to an entity relationship diagram, what is an entity?
Sandro is one of your newer salespeople. This morning, you observed him patiently explaining to a customer that the product she came in to purchase was not her best option and that she would actually be better off with one of your company’s other products, which was less expensive. List the steps of the giving praise model and, where appropriate, include exactly what you would say to Sandro as you praise him.
What will be an ideal response?
Excellent Paper, a United States-based company, processes wood pulp into paper products in fixed-asset intensive facilities. It has a large ratio of property, plant, and equipment to total assets and a high debt-equity ratios. Which of the following is/are not true?
a. Excellent Paper carries a higher levels of risk than an electrical utility. b. Excellent Paper does not have the regulated, monopoly status of an electrical utility. c. Sales of Excellent Paper are more sensitive to changes in the level of business activity than those of an electric utility. d. The higher risk of Excellent Paper, relative to an electric utility, raises its borrowing costs and decreases its reliance on debt financing. e. Excellent Paper, relative to an electric utility, has more assets to serve as collateral for borrowing.