______________ refers to the individual’s perception of how much control he or she has over an activity of event.
a. Ego strength
b. Field dependence
c. Locus of control
d. Resultant luck
c. Locus of control
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Which of the following accounts is a liability?
a. Accounts Payable; b. Sales; c. Prepaid Insurance; d. Retained Earnings; e. Drawing
How did Alan Mulally, Ford CEO, respond when an executive posted a red dot indicating a delay in the launch of the Ford Edge—a key new vehicle?
a. Alan stood up and started clapping! “Mark, that is great visibility,” Mullaly applauded. b. Alan stood up and slammed his hand on the table. “Perhaps you thought I wasn’t tough enough to be CEO,” he yelled, “but I don’t tolerate failure!” c. Alan showed no emotion during the meeting, but later he took the executive aside and chewed him out in private, thus following his “praise in public, punish in private,” rule. d. Alan was too new to the auto industry to know what the red dot meant, so he politely asked the executive to explain its significance.
On December 1, Casualty Insurance Company borrowed $50,000 at a 6.0% interest rate from One Mutual Bank. The note payable plus interest will not be paid until April 1 of the following year. The company's annual accounting period ends on December 31 and adjustments are only made at year-end. The adjusting entry needed on December 31 is:
A. Debit Interest Expense, $1,000; credit Interest Payable, $1,000. B. Debit Interest Expense, $250; credit Note Payable, $250. C. Debit Interest Payable, $1,000; credit Interest Expense, $1,000. D. Debit Interest Expense, $250; credit Interest Payable, $250. E. No entry required.
Regardless of the population of a state, each will be represented by_________U.S. Senators
Fill in the blank(s) with correct word