Procedural justice has a positive effect on all of the following except:

A. Getting along with others
B. Work effort
C. Organizational commitment
D. Trust in superiors


Answer: A

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On January 1, 2007, the Horton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $196,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2011. Horton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31, 2007, is

A) $19,800 B) $19,200 C) $20,800 D) $24,000

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Dick offers to sell Jane his 1955 Thunderbird convertible. Before Jane can accept the offer, lightning strikes the car and it is totally destroyed. Which of the following is true?

a. Jane can still accept the offer and John must find a 1955 Thunderbird to sell. b. The offer is terminated by law. c. Dick can still revoke his offer so long as he does so before Jane accepts. d. Jane can still accept the offer. She will be entitled to the insurance proceeds.

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The SEC has enforcement powers, including the power to issue cease and desist orders, to levy fines, and to confiscate profits from illegal transactions

a. True b. False Indicate whether the statement is true or false

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Regarding the Eight Types of Waste that must be eliminated to implement lean systems, manufacturing an item before it is needed is part of which general waste category?

A) Inappropriate Processing B) Waiting C) Inventory D) Overproduction

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