____________________ is the practice of using the least optimistic estimate when two estimates of amounts are about equally likely
Fill in the blank(s) with correct word
Conservatism
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Business firms can stimulate innovation by:
a. hiring employees with low risk tolerance. b. telling employees that they have the freedom to fail. c. using micromanagement techniques. d. curbing research activities.
Power Tool Company manufactures table saws. These saws have several safety devices
including permanent blade guard. This guard keeps the user's hands from touching the blade while it is moving. Ralph buys a Power table saw, but he takes off the blade guard because it inhibits the type of work he wants to do. Later, Ralph is injured while using the saw. If the blade guard had been left on, Ralph would not have been injured. Ralph sues Power Tool Co under a strict liability theory. The best defense that Power could raise based on these facts is: A) Assumption of risk. B) State of the art design. C) Generally known dangers. D) Supervening event.
Henderson Sales purchased $6,000 of inventory on account. Provide the journal entry. (Assume a perpetual inventory system.)
What will be an ideal response
Which of the following is NOT one of the six fundamental questions that should be asked to ensure coordination of efforts?
a. What is my job? b. Does anyone care? c. How are we doing? d. What are our vision, mission, and values? e. How can I be promoted?