Based on a report issued by American Express and Millennial Branding, which of the following is often cited by managers as a negative trait attribute of young workers?
A) Strong interpersonal interactions
B) Soft skills regarding communication
C) Excessive self confidence
D) Willingness to work as a team
E) Ability to multitask
Answer: B
Explanation: B) A report produced collaboratively by American Express and Millennial Branding found that "managers have an overall negative view of young workers, and point to their lack of soft skills regarding communication and interpersonal interactions, time management abilities and willingness to work as a team."
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On December 31, 2012, Bosco Corporation signed a one-year contract to provide services to Cosco Company for $120,000. Cosco will pay for the services on January 1, 2013. Using the accrual basis of accounting, when should Bosco Corporation recognize revenue?
A) On January 1, 2013, when the cash is received from Cosco. B) On December 31, 2013 (the end of the next year), when all services have been provided. C) Equally throughout the year 2013, as the revenue is earned. D) On December 31, 2012, when the contract is signed.
The example of Stuart Mease of Virginia Tech in the textbook illustrated which of the following points about ethics?
a. Everyday companies and individuals cheat on their income taxes b. Most individuals and companies frequently face large and small ethical dilemmas c. Individuals and companies should practice corporate social responsibility d. Ethics is a matter of perception
Creditor claims are divided into classes and the highest class must be satisfied in full before going to the next category
a. True b. False Indicate whether the statement is true or false
Which of the following accurately describe reasons for investing in mutual funds?
I. to effectively control the timing of capital gains for tax purposes II. to achieve portfolio diversification at a reasonable cost III. to invest in unfamiliar sectors or geographic regions IV. to outperform the market A) I and IV only B) II and III only C) I, II and III only D) I, II, III and IV