If a business person chooses to take the Gates Foundation’s “Giving Pledge,” what has she agreed to do?
a. pledge to treat profits from work to help others rather than themselves
b. start her own charitable foundation
c. give a specific amount of wealth to philanthropy each year
d. give the majority of her wealth to philanthropy
d. give the majority of her wealth to philanthropy
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A formal statement of the assets, liabilities, and owner's equity of a business at a specified date is known as a(n)
a. balance sheet. b. income statement. c. statement of owner's equity. d. statement of cash flows.
Current assets, fixed assets, and liabilities are all part of an organization's
A. capital expenditures budget. B. balance sheet. C. income statement. D. expense budget. E. cash flow statement.
When consolidating foreign subsidiaries, the foreign subsidiary's financial numbers must be translated into the parents' currency unit. Under U.S. GAAP if the foreign subsidiary is a self-contained unit the
A. temporal method is used. B. historical cost method is used. C. present value method is used. D. current rate method is used.
Effie has been trying to reach the monthly sales bonus for over a year. She has finally realized her dream of receiving an extra paycheck this month. Gale, her boss, presented her bonus in front of the entire office. As a result, her belief in herself skyrocketed. What does this scenario suggest in terms of the relationship between intrinsic motivators and extrinsic rewards?
What will be an ideal response?