Prospective Enterprises (PE) employs Quinn to buy property for a possible commercial development. Quinn secretly buys some of the property and sells it to PE at a profit. Quinn has breached

A. no duty.
B. the duty of accounting.
C. the duty of loyalty.
D. the duty of notification.


Answer: C

Business

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If after aging the accounts receivables, it is estimated that $1,800 will not be collected and the allowance account has an existing credit balance of $300, the adjusting entry would be for the amount of $1,500

a. True b. False Indicate whether the statement is true or false

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Compare and contrast the strategy-making hierarchy at Patagonia, a privately owned manufacturer and marketer of sustainable outdoor clothing, with the strategy-making hierarchy at Nike, a publicly traded multinational corporation engaged in the design, development, manufacturing, and worldwide marketing and sales of diversified footwear, apparel, equipment, accessories, and services.

What will be an ideal response?

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Acme Global has subsidiaries in 10 countries. Its staffing strategy is to use local foreign managers only in each subsidiary. This staffing strategy is considered ______.

A. polycentric B. ethnocentric C. geocentric D. regiocentric

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Disputes that occur over the terms of a collective bargaining contract are called _____________________________ disputes.

A. mediation B. arbitration C. med-arb D. fact-finding

Business