Power and influence have a ________ effect on job performance and organizational commitment.
A. moderate negative
B. moderate positive
C. weak positive
D. strong negative
E. strong positive
Answer: B
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Figure 4.4 represents the market for gasoline in a small nation. The free trade world price of gasoline is $3.50. Suppose this small nation imposes a tariff on gasoline of $.50 per gallon. The change in consumer surplus would be
a. $15. b. $12.50. c. $27.50. d. $57.50.
Which of the following is/are not true concerning pension plans?
a. The plan administrator serves in a fiduciary capacity for the benefit of employees. b. The employer cannot access assets in the pension plan except under specific conditions that vary, as a matter of pension law, by jurisdiction. c. The employer does not consolidate the assets and liabilities of the pension plan with its own assets and liabilities. d. The total amount of cash that the employer contributes to the pension plan over time is never the total amount of pension expense that the employer must recognize in measuring net income. e. none of the above
Which of the following is true of goods?
a. They can be produced in a centralized location and be consumed in decentralized locations. b. They tend to be less tangible than services. c. They need to be produced, sold, and consumed at the same time as they are highly perishable. d. They tend to be less standardized and uniform than services.
Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record this sale transaction would be:
A. Debit Accounts Receivable $625 and credit Cash $625. B. Debit Cash of $625 and credit Sales $625. C. Debit Cash of $625 and credit Accounts Receivable $625. D. Debit Sales $625 and credit Accounts Receivable $625. E. Debit Accounts Receivable $625 and credit Sales $625.