When liability is imposed on an employer for a tort committed by an employee, the liability is based on the rule of law known as:
a. contractor liability b. tortious liabilitius
c. respondeat superior d. principal duty
e. there is no such rule as the employee only is responsible
c
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A formal statement of the changes in owner's equity during an accounting period is called a statement of financial position
a. True b. False Indicate whether the statement is true or false
Stringent product regulations have helped to lower research costs and decrease time between new product ideas and their introduction to the market
Indicate whether the statement is true or false
Which one of the following items is not part of the minimum lease payments from the standpoint of the lessee?
a. The minimum rental payments called for by the lease b. Any guarantee the lessee is required to make at the end of the lease term regarding any deficiency from a specified minimum c. Any estimated residual value at the end of the lease term d. Any payment the lessee must make at the end of the lease term to purchase the leased property under a bargain purchase option
A study had 218 leaders provide measures of their identity, and 935 subordinates rated the managers. This study found that
a. the leaders high on collective identity performed more altruistic behaviors, which resulted in them being rated higher on performance b. the leaders high on individual identity performed more altruistic behaviors, which resulted in them being rated higher on performance c. the subordinates were not accurate in estimating the leaders’ self-identity d. the effective leaders were better at assessing their subordinates’ identity