In which type of profit sharing plan are a portion of the profits credited to employee accounts, with payments to be made at time of retirement or severance?
a. current payment
b. cash payment
c. combined payment plan
d. illusory payment plan
e. deferred payment plan
e. deferred payment plan
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Tom is managing a project team responsible for building a new office building that started this week. He notices that team members are trying out different behaviors to see what is acceptable to the project and personal relations. Which stage of development is the team in?
A. Norming B. Storming C. Performing D. Adjourning E. Forming
Which of the following is typically true during the decline stage of the product life cycle?
A) Advertising expenses increase. B) Sales promotion efforts are increased. C) Public relations efforts are the promotional focus. D) Personal selling costs are increased. E) Spending on all elements of the promotion mix is reduced.
Failure to record amounts earned for services provided to customers but cash not yet received results in which of the following?
A) Net income being overstated B) No effect on total assets C) Stockholders' equity being overstated D) Total assets being understated
Which of the following should be audited when the store is closed?
a. in-store traffic flow b. vertical transportation adequacy c. parking lot adequacy d. inventory levels