Seeking to restore the firm's reputation takes place during this effective crisis management step:
A. Communicate quickly, but accurately.
B. Follow up and, where appropriate, make amends to those affected.
C. Do the right thing.
D. Create and document policies and procedures.
Answer: B
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Jervis sells $3100 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 2% factoring fee. What entry should Jervis make to record the transaction?
A. Debit Accounts Receivable $3038; debit Factoring Fee Expense $62; credit Cash $3100. B. Debit Cash $3038; debit Factoring Fee Expense $62; credit Accounts Receivable $3100 C. Debit Accounts Receivable $3100; credit Factoring Fee Expense $62; credit Cash $3038 D. Debit Cash $3038; credit Accounts Receivable $3038 E. Debit Cash $3100; credit Factoring Fee Expense $62; credit Accounts Receivable $3100
Modeling
A. provides learning through repetition. B. demonstrates the desired behavior or method to be learnt. C. sets a road map for the training course, objectives, and learning points. D. breaks down tasks to facilitate learning.