Someone who believes that a leader should always tell the truth would believe in ______.
a. servant leadership
b. universalism
c. relativism
d. unambiguous leadership
b. universalism
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Nuisance suits allow an individual to sue a polluter to protect the community from environmental damage.
Answer the following statement true (T) or false (F)
How will shareholders' equity and net income be affected by the issuance of stock purchase rights to employees under a noncompensatory share purchase plan? Shareholders' Equity Net Income I. no effect no effect II. no effect decreased III. decreased decreased IV. decreased no effect ?
A) I B) II C) III D) IV
A _____ is an effective way to separate a particular brand from its competitors by associating that brand with a particular set of customer needs that rank high on the consumer's priority list.
A. logistical strategy B. market aggregation strategy C. positioning strategy D. universal sales promotion E. promotional mix
Vincent Company purchased merchandise from Liu Company with an invoice price of $300,000 and credit terms of 2/10, n/30. Liu Company's cost for the merchandise was $200,000. Vincent Company paid within the discount period. Assume that both buyer and seller use a perpetual inventory system and the gross method of recording invoices.1. Prepare entries that Vincent should record for (a) the purchase and (b) the cash payment.2. Prepare entries that Liu should record for (a) the sale and (b) the cash collection.3. Assume that the buyer borrowed enough cash to pay the balance on the last day of the discount period at an annual interest rate of 9% and paid it back on the last day of the credit period. Compute how much the buyer saved by following this strategy. (Assume a 365-day year and round
dollar amounts to the nearest cent.) What will be an ideal response?