In the Maslow hierarchy of needs, those needs that are represented by the need for achievement, status, prestige, and self-respect are referred to as ________ needs.
A. physiological
B. social
C. personal
D. safety
E. self-actualization
Answer: C
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If you are giving a business presentation and your boss interrupts you with a question, what must you likely do?
a. Stop and answer it. b. Pretend you didn’t hear. c. Refuse to answer. d. Tell him or her to wait.
In which of the following types of cases can issues of accountant-client confidentiality arise?
A) Civil litigation B) Criminal cases C) Tax disputes D) All of these are situations where it can arise.
Most large multistore chain resellers use ________ that are highly formalized to arrive at buying decisions.
A. stakeholder groups B. sustainable procurement committees C. buying committees D. merchandise procurement centers E. purchasing divisions
Worley Inc. reported the following results from last year's operations:?Sales$13,200,000?Variable expenses8,490,000?Contribution margin4,710,000?Fixed expenses3,654,000?Net operating income$1,056,000?Average operating assets$6,000,000At the beginning of this year, the company has a $1,000,000 investment opportunity with the following characteristics:?Sales$3,400,000 ??Contribution margin ratio50%of sales?Fixed expenses$1,496,000 ?The company's minimum required rate of return is 17%.Required:1. What was last year's residual income?2. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall residual income this year?3. If Westerville's CEO earns a bonus only if residual income for this year exceeds
residual income for last year, would the CEO pursue the investment opportunity? What will be an ideal response?