Which of the following disciplinary steps is most likely to be taken when an employee deliberately damages an organization's property, fights on the job, or engages in dangerous practices in addition to continued failure to correct the problem behavior?
A. The employee should be demoted to a job with lower pay.
B. The employee should be suspended for an entire day.
C. The employee should be removed from the company permanently.
D. The employee should be given a written warning and asked to sign the warning.
Answer: C
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On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $9900. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.)
A. Debit Interest Payable, $396; credit Interest Expense, $396. B. Debit Interest Expense, $264; credit Interest Payable, $264. C. Debit Interest Expense, $198; credit Interest Payable, $198. D. Debit Interest Payable, $132; credit Interest Expense, $132. E. No adjusting entry is required.
Answer the following statements true (T) or false (F)
1. A sale of treasury stock at its cost increases assets and increases equity. 2. If treasury shares are sold for less than their cost, the difference is recorded as a loss. 3. The account Paid-In Capital from Treasury Stock Transactions has a credit balance of $2,000. The corporation resells 450 shares of its treasury stock. These shares were acquired for $10 per share and sold for $3 per share. The entry to record the sale of treasury stock includes a debit to Retained Earnings of $3,150. 4. When a corporation retires its shares of treasury stock, the stock certificates are canceled. 5. Retired shares of treasury stock may later be reissued.
In a(n) ________ culture, people tend to attach more importance to personal goals than to the needs of the larger community
A) collectivist B) individualist C) democratic D) demographic E) sociocultural
The _____________, according to Lawrence Lessig, is the place intellectual property is least respected.
Fill in the blank(s) with the appropriate word(s).