Which type of culture puts the good of the group before individual interests?
A) Individualism
B) High context
C) Polychronic
D) Collectivist
E) Monochronic
Answer: D
Explanation: D) In collectivist cultures, people put the good of the group or organization before their own individual interests. Obligation and loyalty to the group are more important than one's own achievement.
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Jennie did not spend much time studying for her math exam and did not score very well on it. When she was asked about the grade she earned, she rolled her eyes and shrugged her shoulders. This is an example of which of the following?
A. emblem B. illustrator C. regulator D. affect display
Probing questions:
a. require a single word or very short answer. b. are used in seeking more detail to help clarify what was said. c. should not be used when meeting someone for the first time. d. All of the answers are correct.
You have just concluded an employment interview with an applicant you like, who is qualified for the inside sales job you have been interviewing for, and have made a conditional offer of employment. You tell the applicant that you want her to take a medical exam, and if she passes, she has the job. She is at first obviously happy and seemingly relieved, but then breaks down in tears. She tells
you that a medical will show that she is HIV positive. What should you do? a. Tell her not to worry, and that if she otherwise passes the medical exam, she has the job b. Tell her that you're sorry to hear about her affliction, and obviously, you cannot hire her c. Report her to the CountyHealth authorities d. none of these
The amount of depreciation expense appearing on Big Guy's June 30, 2020 consolidated income statement would be:
Big Guy Inc. purchased 80% of the outstanding voting shares of Humble Corp. for $360,000 on July 1, 2017. On that date, Humble Corp. had Common Shares and Retained Earnings worth $180,000 and $90,000, respectively. The Equipment had a remaining useful life of 5 years from the date of acquisition. Humble's Bonds mature on July 1, 2027. Both companies use straight line amortization, and no salvage value is assumed
for assets. The trademark is assumed to have an indefinite useful life.
Goodwill is tested annually for impairment. The balance sheets of both companies, as well as Humble's fair market values on the date of acquisition are disclosed below:
The following are the Financial Statements for both companies for the fiscal year ended June 30, 2020:
An impairment test conducted in September 2018 on Big Guy's goodwill resulted in an impairment loss of $10,000 being recorded. Both companies use a FIFO system, and Humble's entire inventory on the date of acquisition was sold during the following year. During 2020, Humble Inc. borrowed $20,000 in cash from Big Guy Inc. interest free to finance its operations. Big Guy uses the Equity Method to account for its investment in
Humble Corp. Assume that the entity method applies.
A) $113,400.
B) $115,000.
C) $116,280.
D) $113,720.