Match the term and the explanation. There are more definitions than terms.
A. Prepaid Expense
B. Expense Recognition Principle
C.
D.
E. Unadjusted Trial Balance
F. Net Profit Margin
G.
H.
I. Deferred Revenue
J. Revenue Recognition Principle
K. Cash Basis
A. An indication that a company has already paid a cost not yet incurred.
B. The concept that expenses should be reported at the same time as the related revenue.
C. Reported when a company sells goods or services in the ordinary course of business for more than it costs to produce.
D. Also known as net assets, this is the value of assets minus liabilities.
E. A list of account balances when the accounts do not yet include all revenues and expenses.
F. A ratio that indicates the percent of each revenue dollar that is left over after covering costs and expenses.
G. Reporting expenses and revenue according to the time the underlying activities occur.
H. The principle that changes in assets must be matched by changes in liabilities and equity.
I. A liability account indicating customers have already paid for services not yet rendered.
J. A company's policy on when to report revenue in the financial statements.
K. Reporting expenses and revenues according to the time the money is paid or received.
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The ability to put yourself in "someone else's shoes" is referred to as:
a. Unconditional positive regard b. Openness c. Empathy d. Congruence e. Assertion
Answer the following statements true (T) or false (F)
1. Political behaviors in organizations are closely aligned with tactical influence. 2. The textbook states that one’s political skill typically relates negatively to organizations. 3. Choosing to stay out of politics altogether may mean getting passed over for promotions. 4. There are four types of organizational politics, all are bad for organizations.
_______________ within the European Union (EU) is relatively low, as evidenced by the general reluctance of most people to migrate for work, given alternative, albeit less attractive opportunities at home.
a. Inter-country mobility b. Cross-border mobility c. Full-time employment d. Two-job employment
Royal Properties, Inc., mails a flyer to hundreds of firms, advertising a building for sale. Standard Manufacturing Company responds by saying, "We accept your offer." Between Royal and Standard, there is
A. a contract for the sale of the building. B. a contract to consider the offer before any others. C. a contract to negotiate a sale of the building. D. no contract.