People tend to view the world in a self-serving manner and define the rational thing to do or a fair outcome or process in a way that benefits themselves.

Answer the following statement true (T) or false (F)


True

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Assuming the use of a work sheet, are the formal adjusting entries recorded and posted to the accounts before or after the financial statements are prepared? Explain your answer. Would your answer change if a work sheet was not prepared? Explain

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Kiersten feels that her employer denied her a promotion to punish her for joining a labor union. If so, it is likely Kiersten’s employer engaged in unfair labor practices under the ______.

A. Railway Labor Act of 1926 B. National Labor Relations Act of 1935 (Wagner Act) C. Labor Management Relations Act of 1947 (Taft-Hartley Act) D. Labor Management Reporting Disclosure Act of 1959

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One potential advantage of financing corporations through the use of bonds rather than common stock is

A) the interest on bonds must be paid when due B) the corporation must pay the bonds at maturity C) the interest expense is deductible for tax purposes by the corporation D) a higher earnings per share is guaranteed for existing common shareholders

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The impact of diversity on groups is caused by:

a. individual differences that affect how people perform. b. expectations people have about how others will perform. c. group processes that require cooperation among people with different values and beliefs. d. all of the above are true.

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