Ashley contracted to perform on her horse, Coronation, in the opening ceremonies of the World Equestrian Games. If, before the event, Coronation pulls a tendon in its leg and Ashley has to cancel her appearance, this is a case of:
a. subjective impossibility, which does not excuse Ashley from liability for breach of contract.
b. objective impossibility, which discharges Ashley's contractual duty.
c. frustation of purpose, which does not discharge Ashley's contractual duty.
d. commercial impracticability, which excuses nonperformance.
b
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Jervis sells $3400 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 2% factoring fee. What entry should Jervis make to record the transaction?
A. Debit Accounts Receivable $3332; debit Factoring Fee Expense $68; credit Cash $3400. B. Debit Cash $3332; credit Accounts Receivable $3332 C. Debit Cash $3400; credit Factoring Fee Expense $68; credit Accounts Receivable $3400 D. Debit Accounts Receivable $3400; credit Factoring Fee Expense $68; credit Cash $3332 E. Debit Cash $3332; debit Factoring Fee Expense $68; credit Accounts Receivable $3400
Describe the accounting for employer sponsored defined benefit pension plans
Logical objections are a type of resistance to change.
Answer the following statement true (T) or false (F)
In the context of changing organizational culture, managers must examine the justifications for changed behavior because:
A. employees sometimes do not really believe in the new values, and just comply. B. human behavior is extrinsically motivated. C. behaviors are assumptions of culture and they keep fluctuating. D. all of the artifacts must send a consistent message about the new values and beliefs.