Your responsibilities during the conference may include running errands delivering messages to participants and solving problems that may occur.
Answer the following statement(s) true (T) or false (F)
Answer: True
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Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The capital, or finance, lease method treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale. b. The lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. c. The lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. The lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. e. The lessor records the signing of a capital lease differently than if the lessor sold the leased asset for an installment note receivable.
The English rule provides that the final assignment in time prevails, regardless of notice
Indicate whether the statement is true or false
Which of the following statements is true of a submission agreement?
A) It is a binding clause in a contract mandating all disputes to be settled by arbitration. B) It specifies the nature of the dispute and how the arbitrator will be selected. C) It is an agreement stating that both parties agree to abide by the mediator's decision. D) It is an agreement provided in court stating how contract disputes are to be settled.
When the service provided does not measure up to the firm’s or to the industry’s standards, it is known as ______.
a. the service design and standards gap b. the service delivery performance gap c. the communication gap d. the service planning gap