When people hold the interests of the organization above their own interests, provide high levels of feedback to employees, and maintain good working relationships to achieve results, then _______________ will have positive results.
a. Visibility
b. Political skill
c. Ethic reciprocity
d. Disconnecting
b. Political skill
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In obtaining an understanding of a manufacturing entity's internal control concerning inventory balances, an auditor most likely would:
A. perform test counts of inventory during the entity's physical count. B. review the entity's description of inventory policies and procedures. C. analyze monthly production reports to identify variances and unusual transactions. D. analyze inventory turnover statistics to identify slow-moving and obsolete items.
Which of the following best defines a merged corporation?
A) a corporation that is absorbed in the merger and ceases to exist after the merger B) a corporation that is absorbed in the merger and continues to exist after the merger C) a corporation that is not absorbed in the merger but acquired stake in the surviving corporation D) a corporation that is not absorbed in the merger but is owned by a parent company
High Step Shoes had annual revenues of $186,000, expenses of $104,200, and paid dividends of $18,400 during the current year. The retained earnings account before closing had a balance of $298,000. The Net Income for the year is:
A. $81,800 B. $361,400 C. $186,000 D. $63,400 E. $379,800
Oscar begins to operate a hog farm next to Robyn's vineyard and winery. Robyn files a suit against Oscar, alleging that the hog farm is a nuisance and unreasonably interferes with Robyn's enjoyment of her property. The court is most likely to award Robyn damages
a. if letting the pollution continue is equally as harmful as stopping it. b. if letting the pollution continue is less harmful than stopping it. c. if letting the pollution continue is more harmful than stopping it. d. under no circumstances.