What is the difference between rules and norms?
What will be an ideal response?
Rules are formally established by management or by the group itself. Norms are not developed by management or explicitly agreed to by a group; they develop as members interact. Norms are also known as unspoken rules within a group that shape behavior and attitudes of its members. Norms are expectations about behavior that are shared by members of a group. Rules are policies or statements that tell you what is and is not allowed within the group.
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Brendan Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction under the perpetual inventory system?
A) Accounts Receivable 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 B) Sales 1,600 Accounts Receivable 1,600Merchandise Inventory 1,100Cost of Goods Sold 1,100 C) Accounts Receivable 1,600 Merchandise Inventory 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 D) Merchandise Inventory 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100
Which of the following is/are not true?
a. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust. b. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as either an asset or a liability on its balance sheet. c. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income. d. Notes to the financial statements do not provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period. e. all of the above
What remedies can the EEOC require from organizations when they are found guilty of harassment of religion?
a. Monetary payment to the aggrieved b. Jail time for the offending supervisors c. The EEOC does not have the authority to levy remedies d. Requirement to publicize the offense in the local news outlets
Masculine cultures tend to emphasize:
A. quality of life. B. centrality of work. C. helping others. D. relationships.