Rensis Likert refers to managers as the __________.
A) Focal point
B) Trend setter
C) Leader
D) Linking pin
D) Linking pin
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The equity method of accounting should be applied by an investor to an investment in the voting stock of an investee of 20% or more of the voting stock of the investee. An investment of 20% or more of the voting stock of an investee should lead to the
presumption (absent evidence to the contrary) that an investor has the ability to exercise significant influence over an investor. The presumption in applying the equity method is that an investor has significant influence over the operating and financial policies of an investee even though the investor holds 50% or less of the voting stock of the investee. Required: Identify events or circumstances that suggest that an investor has significant influence over an investee.
Answer the following statements true (T) or false (F)
A FASB survey found that most enterprises entering into a pooling of interest believed that the combination would not have occurred if purchase accounting had been acquired.
An illegal union contract mechanism requiring companies to hire only union members to work in their facility would be a(n) _____ agreement.
A. agency shop B. closed shop C. augmented shop D. maintenance of membership E. union membership
To reduce owner risk of loss of personal assets the business should:
A. Buy a warranty contract B. Form as a corporation or LLC C. Sell insurance D. All of the above