A neutral reply is
A) sent in reply to a routine persuasive sales letter.
B) used when a routine request is being denied.
C) more effective when it follows the indirect organizational plan.
D) less effective when it follows the direct organizational plan.
E) an appropriate response when the request will be granted.
E
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Hillary, Bruce, and Cindy own a partnership firm. Hillary has an ownership interest of $24,000; Bruce has an ownership interest of $41,000; and Cindy has an ownership interest of $30,000. In the process of liquidation, the partnership sells non-cash assets and registers a gain of $30,000. The profit-loss sharing agreement is 1/6 to Hillary; 2/6 to Bruce; and 3/6 to Cindy. Which of the following is TRUE when a journal entry for the allocation of gain is recorded?
A) Hillary, Capital is credited for $10,000. B) Cindy, Capital is credited for $15,000. C) Hillary, Capital is debited for $10,000. D) Cindy, Capital is credited for $10,000.
The average costing method in process costing disregards the ending inventory assuming that direct material costs and conversion costs are pertaining to the immediate next period
Indicate whether the statement is true or false
_____ refers to a set of shared assumptions, values, and behaviors that characterize the functioning of an organization
a. Chain of command b. Line of control c. Organizational culture d. Organizational structure
Robert wants to buy his first home. He spent two weeks working with a real estate agent looking at homes in the $150,000 price range and made an offer to purchase a cute three bedroom home on a half-acre lot. Unfortunately, Robert was denied a mortgage from a local bank, a local credit union, and a national mortgage lender. Robert had saved $15,000 for a down payment and is surprise that he cannot obtain a mortgage. In addition to the down payment, he has a balance on his car loan of $18,000, a consolidate student loan balance of $22,000, and a balance on his credit card of $6,000. His car is worth $16,500. What is the most likely reason Robert does not qualify for a mortgage?
A) Robert does not qualify for a mortgage because his down payment is less than 20 percent B) Robert does not qualify for a mortgage because he did not obtain financing before making an offer to purchase C) Robert does not qualify for a mortgage because he did not account for the closing costs associated with the mortgage D) Robert does not qualify for a mortgage because he has a negative net worth E) None of the answers are correct