A customer-oriented vision statement focuses employees to think about how best to
A. increase their efficiency to benefit consumers.
B. solve a problem for a consumer.
C. improve a popular product.
D. make a product easier to use.
Answer: B
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Lincoln Corp received advance payments from customers during 2016 of $10,000 . At December 31, 2016, $1,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, the balances in the Unearned Service Revenue and Service Revenue accounts will be Unearned Service Revenue Service Revenue
a. $ 1,000 $ 9,000 b. $ 1,000 $10,000 c. $11,000 $ 1,000 d. $ 9,000 $10,000
Suppose a company received a $2,500 utility bill for the month of March but has not yet recorded the transaction or paid the bill. What adjusting entry is necessary at March 31?
A) Utilities Expense 2,500Utilities Payable 2,500 B) Utilities Expense 2,500Cash 2,500 C) Utilities Payable 2,500Utilities Expense 2,500 D) No Entry
Josef has responded to product advertising that focuses on convenience, durability, and service. At which level of Maslow's need hierarchy is he most likely motivated?
a. Security b. Social c. Ego d. Self-actualization
Managers need to ________ so that employees will discuss problems in meeting goals, rather than resorting to unethical and possibly illegal behavior.
A. keep the lines of communication open B. maintain accurate records of employee performance results C. incentivize employees to achieve goals at all costs D. penalize employees for failure to achieve goals E. lavishly reward high achievers