Answer the following statement(s) true (T) or false (F)
7. Research has found that most fast-growth ventures have been founded by sole entrepreneurs with strong financial backing
8. When working with a founding team, it is important to keep a “hands off” approach, keeping the lines of responsibility clear.
9. The best way to read a room is to look where the highest ranking people in the room are so you can get into that group.
10. You should be wary of connecting with competitors on social networking sites such as Twitter or LinkedIn.
11. Studies have shown that a lack of diversity in homogeneous teams can stifle creativity and information processing.
12. According to research, a heterogeneous group will have greater problem-solving and creative options but have greater challenges in communications.
7. False
8. False
9.False
10. False
11. True
12. True
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Uniform Supply accepted a $6000, 90-day, 6% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Supply intends to continue collection efforts, what entry should Uniform Supply make on January 15 of the next year? (Assume no reversing entries are made.) (Use 360 days a year.)
A. Debit Notes Receivable $6000; debit Interest Receivable $90; credit Sales $6090. B. Debit Cash $6090; credit Notes Receivable $6090. C. Debit Accounts Receivable $6090; credit Interest Revenue $15; credit Interest Receivable $75, credit Notes Receivable $6000. D. Debit Cash $6090; credit Interest Revenue $15; credit Interest Receivable $75, credit Notes Receivable $6000. E. Debit Cash $6090; credit Interest Revenue $75; credit Interest Receivable $15, credit Notes Receivable $6000.
Self-control refers to the discipline needed to rise early, work late, and prepare for the next day in the evening.
Answer the following statement true (T) or false (F)
Purchased goods in transit, shipped FOB destination, should be excluded from ending inventory of the buyer
Indicate whether the statement is true or false
Tina had a large compost pile in her backyard and the smell greatly irritated her neighbour Paul. Paul was so angry he went over to Tina's one day and told her to stop composting that smelly garbage or he would take her to court
Tina told Paul to leave but he continued to look around her backyard. When he finally left he intentionally kicked her gate and broke it and stole some tools that she had left near the gate. As a result which of the following statements is FALSE? A) Tina is liable for nuisance B) Paul is liable for conversion C) Paul is liable for trespass to goods D) Paul is liable for negligence E) Paul may be able to get an injunction