No mention of the contingent liability needs to be made in the financial statements, if the probability of payment is _____
a. "remote"
b. "probable"
c. "reasonable possible"
d. "not plausible"
a
FEEDBACK: a. Correct. If the probability of payment is "remote," no mention of the liability needs to be made in the financial statements
b. Incorrect.
c. Incorrect.
d. Incorrect.
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According to traditional rules of outlining, that at least ______ subpoint(s) must support every main point.
Fill in the blank(s) with the appropriate word(s).
Answer the following statements true (T) or false (F)
1. Patagonia was satisfied with its OD intervention to become greener. 2. In OD, combined interventions have been found to work better than single interventions. 3. An OD intervention that worked in the United States is likely to work equally well around the world because the practices are very fundamental to human nature. 4. Innovation differs from creativity or invention in that it requires useful application.
If technology changes rapidly, a firm should:
A) depreciate plant assets using the same method used for its tax returns. B) depreciate plant assets over long periods of time. C) consider an accelerated rate of depreciation. D) use the straight-line method of depreciation as it is the easiest.
At Craig’s organization, sales people receive their commissions immediately after a sale closes. The manager keeps a large amount of cash on hand and pays the commissions as soon as the customer leaves the store. It appears the ________ dimension of cultural diversity is high at Craig’s organization.
A. assertiveness B. short-term orientation C. societal collectivism D. power-distance E. individualism