The psychological bias known as "illusion of control" refers to a belief that
A. one has no control and therefore does not put any effort into the decision.
B. the employees will always agree with the decisions made by the manager.
C. managers' with wider spans of control tend to perform effectively.
D. one can influence events even when one has no control over what will happen.
E. employees do not have confidence in a manager's abilities.
Answer: D
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Which of the following statements best describes the term "revenues"?
a. Revenues represent an outflow of assets resulting from the sale of goods or services. b. Revenues represent assets received from the sale of products or services. c. Revenues represent assets used or consumed in the sale of products or services. d. Revenues represent the dollar amount of bonds sold to the public.
You have decided to invest $4,000 at a rate of 10% per year during the first 30 years. After that, you will be more conservative and expect to earn 5% per year. Which of the formulas in B7 will allow you to determine how much money you will have 45 years from now?
a) =FV(B5,B3,0,-B1)
b) =FV(B5,B3+B4,0,-B1)
c) =FV(B6,B4,0,-PV(B5,B3,0,-B1))
d) =FV(B6,B4,0,-FV(B5,B3,0,-B1))
Answer the following statements true (T) or false (F)
For capital leases, the interest portion is classified as an operating activity, whereas the reduction of principal portion is a financing activity.
Attributes are general headings and not the data itself
Indicate whether the statement is true or false