Which of the following statements about conflict is true?
A. Conflict should be completely eliminated across the organization.
B. Use of technology and virtual teams can minimize conflict.
C. Conflict should be encouraged in some departments and discouraged in others.
D. Organizations can suffer from too little conflict.
E. Organizations experiencing excessive conflict tend to also be apathetic, uncreative, and indecisive.
Answer: D
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Long-term assets that have no physical substance are ____________________
Fill in the blank(s) with correct word
Cover letters should be written in the form of a
a. business report. b. business memo. c. personal letter. d. business letter.
Users of accounting information may include
a. owners; b. managers; c. creditors; d. government agencies; e. all of these
Phillips Co. reported total credit sales of $460,000 for Year 2. Its accounts receivable totaled $70,000 and $100,000 at the beginning and end of the year, respectively. What was the cash collected from customers during Year 2?
A. $460,000 B. $490,000 C. $530,000 D. $430,000