Although it is not easily communicated, ________ knowledge could very well be the most important aspect of what we learn in organizations.
A. intuitive
B. heuristic
C. tacit
D. nonprogrammed
E. explicit
Answer: C
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Suppose that real incomes increase more rapidly in the United States than in Mexico. In the United States, this situation would likely result in a(n)
a. increase in the demand for pesos. b. decrease in the demand for pesos. c. increase in the supply of pesos. d. decrease in the supply of pesos.
Why do loan agreements often contain covenants tied to accounting numbers? Are there any disadvantages to this common practice?
What will be an ideal response?
The main difference between SAS and AU is:
A. SAS are issued by the PCAOB and AU are issued by the ASB. B. SAS define minimum standards of performance for auditors while AU define financial accounting principles that must be followed according to GAAP. C. SAS are issued by the ASB and AU are issued by the PCAOB. D. they are the same except that SAS are organized chronologically and the AU are organized by topical area.
Which of the following bank reconciliation items would result in a journal entry?
A) Checks outstanding B) An adjustment for a check recorded for the wrong amount C) Deposits in transit D) A bank error on the bank statement