A conveyance by one joint tenant to a third party severs the joint tenancy
Indicate whether the statement is true or false
True
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Modern Designs is a new business. During its first year of operations, credit sales were $43,000 and collections of credit sales were $34,000. One account, $625, was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 3% of credit sales to be uncollectible. Bad debts expense for the first year of operations is ________.
A) $665 B) $1290 C) $625 D) $2310
A destination store has a larger primary, secondary, and fringe trading area than other stores in the same shopping center
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Parochialism means one has the ability to recognize individual differences. 2. Each dimension of Hofstede’s Model of National Culture is measured on a scale of 0 to 50. 3. If Pam values competition and winning, she exhibits the feminine (or nurturing) dimension of Hofstede’s Model of National Culture. 4. Putting employees from two differing cultures together to accomplish a task is likely to fail unless they are given cultural training. 5. According to Hofstede’s Model of National Culture, the saying “The best things in life are free” indicates a culture high on the dimension of assertiveness.
Answer the following statement(s) true (T) or false (F)
1. Needs are based on personality and values are related to things that are lacking and are desired. 2. McGregor argues that the responsibilities of managers change as the managers change their beliefs about workers. 3. Hygiene factors are one of the categories of needs from McGregor’s needs theories. 4. The law of effect states that people repeat behaviors that bring them satisfaction and pleasure and stop those that bring them dissatisfaction or pain. 5. A positive reinforcer is a pleasant outcome that follows a desired behavior and is aimed at encouraging the behavior.