Tisa is a subordinate who simply acknowledges the power of her boss based merely upon his relative position in the hierarchy of authority. She seldom questions orders. Tisa exemplifies which of Hofstede’s dimensions?
A. collectivism
B. high power distance
C. long-term orientation
D. low power distance
B. high power distance
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A bond issue of $100,000 selling at 98, would require a journal entry including a
a. debit to Bonds Payable for $98,000. b. credit to Cash for $98,000. c. credit to Premium of Bonds Payable for $2,000. d. debit to Discount on Bonds Payable for $2,000.
When an individual dies without a will, the state automatically receives the entire estate
Indicate whether the statement is true or false
The doctrine of promissory estoppel does not apply if there is a clear and definite promise.
Answer the following statement true (T) or false (F)
A company that foregoes a discount of 1/7 net 30 is essentially borrowing money from the vendor at
A) 1%. B) 12.29%. C) 16.03%. D) 52.7%.