Antonio, a manager at the Colonial Inn, is training a new group of employees. After each training session, the employees complete various exercises to test their knowledge. After evaluating the results, Antonio speaks one-on-one with the employees to help them define their areas of weakness and encourage them to keep fine-tuning their strengths. In this scenario, Antonio is providing his employees with
A. counseling.
B. self-appraisal.
C. goals.
D. self-assessment.
E. feedback.
Answer: E
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The journal entry to record the conversion of a $6,300 accounts payable to a notes payable would be
a. Cash 6,300 Notes Payable 6,300 b. Notes Receivable 6,300 Notes Payable 6,300 c. Notes Payable 6,300 Cash 6,300 d. Accounts Payable 6,300 Notes Payable 6,300
Under the dollar-value LIFO the cost-to-retail ratio includes net markups and net markdowns from both the current period and beginning inventory. during the current period.
Answer the following statement true (T) or false (F)
Jia, a sales executive, performs exceptionally well at her work. Bill, Jia's supervisor, gives her monetary incentives for her outstanding performance. Bill is primarily exercising the ________ function of a supervisor.
A. loyalty B. fairness C. controlling D. accountability
A company uses the perpetual inventory system and recorded the following entry:Accounts Payable2,500 Merchandise Inventory 50Cash 2,450This entry reflects a:
A. Purchase of merchandise on credit. B. Payment of the account payable less a 1% cash discount taken. C. Return of merchandise. D. Sale of merchandise on credit. E. Payment of the account payable less a 2% cash discount taken.