Describe how a mortgage and other related expenses affect a personal budget, income statement, and balance sheet
What will be an ideal response?
Answer: Mortgage expense and taxes reduce your wealth while principal payments increase equity. Ordinary repairs reduce wealth, while a home addition contributes to equity. The home is an asset and the mortgage is a liability. It takes more budgeting for unexpected repairs for a home than renting.
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This response style normally does not help unless the sender has asked for your advice
A) questioning B) paraphrasing C) evaluating D) interpreting
Four of the five managers in Sasha’s company are male. Therefore, Sasha feels that he has a good chance of being promoted. Which aspect of diversity is Sasha’s company not following?
a. Race and ethnicity b. Sex c. Gender d. Ability
A modern view of life in organizations suggests that being a yes-person too often can create a poor impression with a person's manager
Indicate whether the statement is true or false.
The transfer of a negotiable instrument in such a manner that the transferee becomes a holder is known as:
a. assignment. b. negotiation. c. indorsement. d. accommodation.