The fact that the daily "brush fires" of doing business tend to push aside planning until it is forgotten is the message of

A. Parkinson's Law of Planning.
B. the Peter Principle.
C. the Tyranny of the Urgent.
D. Murphy's Law of Strategic Action.


Answer: C

Business

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From which of the following agencies does a national bank obtain its charter?

A. The Federal Deposit Insurance corporation B. The Federal Reserve C. The Office of the Comptroller of the Currency D. National Credit Union Administration

Business

Zach has bought Biannca's interest in the A&B Partnership for a $120,000 direct payment to Biannca. Zach and Biannca's capital balances before the sale were $48,000 and $72,000, respectively. The entry to record the purchase of interest in partnership is:

A) Biannca, Capital 120,000 Zach, Capital 120,000 B) Biannca, Capital 72,000 Zach, Capital 72,000 C) Zach, Capital 120,000 Cash 120,000 D) Cash 120,000 Zach, Capital 120,000

Business

Jacoby purchased a home in 2017 for $1,500,000 by making a $150,000 down payment and by borrowing the remaining $1,350,000 with a loan secured by the home. He made interest-only payments for 2017, 2018, and 2019. In 2019, Jacoby can deduct interest expense on $1,100,000 of the loan principal. 

Answer the following statement true (T) or false (F)

Business

An iPad mini advertisement appearing in New York Times is an example of using a niche media channel.

Answer the following statement true (T) or false (F)

Business