An assignment is effective but not necessarily enforceable from the moment it is made, regardless of whether the assignor notifies the obligor.

a. true
b. false


a. true

Business

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A check written for $43.00 was entered in the records with a credit to the Cash account for $34.00 . On the bank reconciliation, the correction of the error will require an additional $9.00 deduction to the checkbook cash balance

Indicate whether the statement is true or false

Business

Characteristics of team effectiveness include all of the following except ______.

A. unified commitment B. relationship-driven structure C. external support D. collaborative climate

Business

Virginia hires John as her agent to buy supplies. Byron contracts to send supplies to Wolf through John, knowing John is an agent. The supplies are sent but not paid for so Byron wants to sue on the contract

Which of the following statements is true? A) Byron has a contract with Virginia only. B) Byron has a contract with John only C) Byron has a contract in which John and Virginia are both liable. D) Byron has no contract with Virginia because he made the agreement with John. E) Byron has a choice whether to sue Virginia or John.

Business

Harvey heads a company that builds stairways and ramps. One of his lead scientists, Carrie, has an idea to create an outdoor stairway that automatically adjusts to the slope of the ground. Her research is very well done and provides some interesting discoveries, but her project does not succeed. How should Harvey deal with Carrie's failure to complete her project successfully?

A) ridicule her without formally punishing her to discourage others from doing what she did B) terminate her employment because she wasted valuable company resources C) ask her to see if she can apply her results to another project that will work D) put her in charge of other scientists whose projects were successful E) allow her to work on probation until she pulls off a successful project

Business