In addition to the initial information provision, an orientation should involve ________.
A. feedback
B. reinforcement
C. an exit interview
D. follow-up
Answer: D
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Accrual-basis net income is most useful for
a. determining the amount of income tax a company should pay. b. predicting the short-term performance of an enterprise. c. predicting the long-term performance of an enterprise. d. determining the amount of dividends a company should pay.
Riva borrows $10,000 that she intends to use for purchasing supplies for her business. She temporarily deposits the funds in her personal checking account. Prior to the deposit, the checking account held $40,000 of personal funds. Riva books a vacation for $6,000 and writes a check to the travel agency from her personal account. Later in the month, the business supplies bill arrives and Riva writes a check for $10,000 from the personal account. With respect to the interest expense on the $10,000 loan,
A. 20 percent will be treated as trade or business expense. B. 60 percent will be treated as personal interest expense and 40 percent as trade or business expense. C. it will all be treated as trade or business expense. D. it will all be treated as personal expense.
People from Hong Kong and the People’s Republic of China tend to score higher on the Machiavellian scale. This may be related to:
a. the higher power distance in the Chinese culture b. the higher level of collectivism c. the low-context culture
The principle of ________ provides information to the entrepreneur about how time is currently being allocated, which will also highlight inefficient or inappropriate investments of time.
A. effectiveness B. prioritized planning C. analysis D. reanalysis