Which of the following is true regarding agency funds?

A. Agency funds are often used to account for property tax collections by county governments for other governments.
B. Agency funds report assets and liabilities, but not net position, revenues or expenses.
C. Both of the above.
D. Neither of the above.


Answer: C

Business

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Which of the following is the most likely payoff of studying management as a discipline?   

A. You will understand how to brand your organization. B. You will understand how to relate to and interact with your supervisors and co-workers. C. You will understand how to manage your family and close friends more effectively. D. You will understand how to deal with the media in a crisis. E. You will understand how to advance your career without guilt.

Business

Almost every day after lunch, the head of the marketing department, Robert Charles, leaves his office and stops by to visit many of the people who work in his department. He will usually ask how the day is going, what they are working on, or offer some advice or support. What leadership principle is Mr. Charles engaging in?

a. leading contextually b. leading by example c. leading by wandering around d. leading by giving recognition

Business

Research demonstrates that social and physical pain share common physiological mechanisms as ______.

a. intergroup contact theory b. social identity theory c. social comparison *d. social exclusion

Business

Centralized companies split their operations into segments and top management delegates decision making to the segment managers

Indicate whether the statement is true or false

Business