________, developed by Vroom and Yetton, is a decision-tree model that enables the user to select from five leadership styles the one that is appropriate for the situation.
A. Contingency leadership theory
B. Normative leadership theory
C. Situational leadership
D. The leadership continuum
Answer: B
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When goods are defective and the buyer provides the seller with notice, which of the following remedies is applicable?
A. The buyer can claim only incidental damages. B. The buyer cannot recover damages and can only get the reimbursement amount that the seller thinks is reasonable. C. The buyer is entitled to only consequential damages. D. The buyer can recover the difference between the value of the goods received and the value the goods would have had if they had been as warranted.
In the analysis of profitability, if equity earnings are substantial, it is advisable to:
a. consider them as extraordinary. b. consider them as nonrecurring. c. investigate the earning power of the parent outside of the related investing activities. d. recompute the debt ratio and times interest earned to remove the impact of equity earnings. e. use the DuPont method to lessen the impact of equity earnings.
Office furniture was purchased for $14,000 . It had an estimated residual value of $2,000 and has a current carrying value of $6,000 . Its depreciable cost must have been
a. $15,000. b. $9,000. c. $12,000. d. impossible to determine from the facts given.
Define the following terms: standard cost system, total variance, material price variance, and labor efficiency variance