What is recognizance?
A) a party's acknowledgement in court that he or she will pay a specified sum of money if a certain event occurs
B) a sealed document that contains a formal contract whose contents are known to both parties and the referee who supervised its signing
C) a sealed document that contains an informal contract whose contents are known only to the parties
D) a party's acknowledgement in court that he or she is not liable to pay any money if a certain event occurs
A
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Which is the only feedback orientation that will consider negative feedback?
a. avoidant b. performance prove c. learning d. motivated
List the standards for an appraisal process
What will be an ideal response?
Jane received a check as payment for her performance at a night club. In turn, she gives the check to Paul as a gift, but the check turns out to be worthless when he tries to cash it 45 days later. Does Paul have a claim against Jane?
a. Yes, because he is the holder of the instrument. b. No, because warranties apply only if the instrument has been transferred for consideration. c. No, because he did not make a warranty claim within 30 days. d. Yes, because Jane should have made sure the check was valid before she gave it to Paul.
All of the following statements regarding profit margin are true except:
A. Profit margin is also called return on sales. B. Profit margin reflects the percent of profit in each dollar of revenue. C. Profit margin is calculated by dividing net income by net sales. D. Profit margin can be used to compare a firm's performance to its competitors. E. Profit margin is not a useful measure of a company's operating results.