Investing now in developing your organizational behavior (OB) skills will do all of the following EXCEPT
A. prepare you to be a more effective employee.
B. prepare you to be a more effective manager.
C. prepare you to be a more effective leader.
D. help you to move up faster in any organization.
E. help you to improve your technical skills.
Answer: E
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McDonald's and other fast food restaurants have benefitted tremendously by using franchising as a mode of entry into different countries. What are the benefits of franchising and how does it differ from other modes of entry?
What will be an ideal response?
Tim wrote a negotiable note. Subsequently, Tim's debts were discharged in bankruptcy. If a holder in due course presents the note for payment, Tim does not have to pay
a. True b. False Indicate whether the statement is true or false
Identify the statement below that is true.
A. A trial balance can replace the need for financial statements. B. The trial balance is a list of all accounts from the ledger with their balances at a point in time. C. The trial balance is another name for the balance sheet as long as debits balance with credits. D. Another name for the trial balance is the chart of accounts. E. The trial balance presents net income for a period of time.
Which of the following statements regarding independence with respect to accounting and other services is FALSE?
A) If a PA performs the bookkeeping and makes accounting decisions for a company and the management does not know enough about the financial statements to take primary responsibility for them, it might be perceived that the PA has both prepared the financial statements or other data and given an audit report or other assurance on his or her own work. B) If a professional accountant (PA) performs the bookkeeping and makes accounting decisions for a company and the management does not know enough about the financial statements to take primary responsibility for them, the PA cannot be considered independent for assurance services. C) The PA cannot perform the bookkeeping for a company and also provide assurance services. D) The PA can counsel the client management about the accounting principle choices, but in the final analysis the management must be able to say, "These are our financial statements (or other data); we made the choices of accounting principles; we take primary responsibility for them."