Consensus is the best approach to decision making.
Answer the following statement true (T) or false (F)
False
Consensus is often a valuable decision making method, but it is not always the best choice, and it is not always possible to reach a consensus.
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Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell one-half time to the business. Determine the division of $150,000 of net income in ratio of capital balances
a. $75,000 and $75,000 b. $37,500 and $112,500 c. $100,000 and $50,000 d. $50,000 and $100,000
____ communication occurs when peers within a department share ideas, coordinate activities, and negotiate differences
A) Upward B) Downward C) Lateral D) Vertical E) Outsourced
The usefulness of the title or introductory page is:
A. questionable, especially to investors. B. that it contains backup data. C. such that it requires several pages. D. that it provides information about the company.
The following information is taken from the balance sheet of Menendez Company on January 1, Year 1:Current Assets$18,000? Current Liabilities$8000? Equipment 38,000? Long-term Liabilities 28,000? Land 30,000? Common Stock 50,000? Total Assets$86,000? Total Liab. & Equity$86,000? On January 2, Year 1, the company recorded the following transaction: Accounts receivable18,000? Service revenue 18,000? How will this transaction affect the current ratio?
A. It will increase the current ratio to 4.5:1. B. It will increase the current ratio to 2.3:1. C. It will decrease the current ratio to 1:1. D. It will have no effect on the current ratio.