Individuals also form ______ groups that are comprised of colleagues, friends, and associates from various departments.
a. formal
b. informal
c. planned
d. unplanned
b. informal
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Answer the following statements true (T) or false (F)
1) The payback method is a screening device and is rarely used as the sole method for deciding whether to invest in an asset. 2) All else being equal, investments with longer payback periods are preferable. 3) Cash inflows from a capital investment arise from an increase in revenues, a decrease in expenses, or both. 4) A major criticism of the payback method is that it focuses only on the time to recover the investment and ignores profitability. 5) Most capital budgeting methods focus on accrual-based income.
To become ISO 9000 certified, organizations must:
A) document quality procedures. B) have an onsite assessment. C) have an ongoing series of audits of their products or service. D) all of the above E) none of the above
Ruth executes a will naming her nephew Stan as sole beneficiary. Two years later, Ruth executes another will, naming her niece Tammy as sole beneficiary. On Ruth's death
A) Stan and Tammy will share the estate in equal shares B) Stan will be the sole heir. C) Tammy will be the sole heir. D) the estate will pass as if there were no will.
Fact Pattern 15-1AMacro Marketing, Inc., and National Food Corporation (NFC) discuss the terms of a contract. Macro then faxes NFC a memo on Macro's letterhead that summarizes the items on which they agreed, including a two-year term. Macro begins to perform, but NFC refuses to pay. Macro files a suit to collect. NFC claims that there is no contract.Refer to Fact Pattern 15-1A. The transaction between Macro and NFC falls within the Statute of Frauds'
A. collateral-promise provision. B. one-year rule. C. sales-of-goods stipulation. D. secondary-contracts section.