In Think Again, the authors analyzed 83 cases in which leaders made bad decisions. According to the authors,
a. emotions lead to bad decision-making and emotions should be eliminated as much as possible from decision-making
b. emotions are essential to decision making
c. emotions and decision-making are totally separate processes, so emotions do not hinder or help decisions
d. cognitions precede emotions, so emotions are the result of thought processes and not the cause
b. emotions are essential to decision making
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The following balance sheet information is provided for Greene Company for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's quick (acid-test) ratio?
A. 3.8 B. 1.4 C. 0.7 D. 1.3
The following are types of corporations except:
A) Profit. B) Alien. C) Domestic. D) Foreign.
The face value of Accounts Receivable plus the balance in the Allowance for Doubtful Accounts is equal to the net realizable value of the receivables.
Answer the following statement true (T) or false (F)
Blueberry Café signs an agreement with County Credit Bank to borrow $40,000 at 20 percent interest. Later, the state legislature passes a law lowering the maximum permissible rate of interest to 15 percent. Blueberry's best argument for avoiding payment to County Credit is that
A. performance of the contract is commercially impracticable. B. payment of the loan would force the debtor into bankruptcy. C. the law has rendered performance of the contract illegal. D. the specific subject matter of the contract has been destroyed.