In business, horizontal communication is communication with people who are at the same level as you
Indicate whether the statement is true or false
TRUE
Lateral or horizontal communication is communication with people who are at the same rank
or level as you— your co-workers or classmates, for instance. The direction your
communication flows at any given time will influence how you communicate.
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A company purchased a new delivery van at a cost of $45,000 on July 1. The delivery van is estimated to have a useful life of 6 years and a salvage value of $3,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?
A. $4,000. B. $3,500. C. $7,000. D. $3,250. E. $6,500.
What type of interdependence takes place when one team member completes a piece of work and passes it on to the next member for his or her input, as on an assembly line?
A. reciprocal interdependence B. sequential interdependence C. affiliated interdependence D. pooled interdependence
For tax purposes, small businesses may expense the first $250,000 of equipment expenditures, rather than having to allocate their costs over a number of years
Indicate whether the statement is true or false
The annual break-even point of a salesperson is $2,000,000 and his per month salary is $10,000. This means that:
A. the salesperson should generate $2,000,000 gross profit every year to cover the costs. B. the salesperson should generate $2,000,000 net profit every year to cover the costs. C. the salesperson should generate sales worth $2,000,000 every year to cover the costs. D. the salesperson should generate gross profit worth $80,000 to cover the costs. E. the salesperson is generating $80,000 profit compared to his fixed cost.