Paragon Studios hires Harry Ford to play Indiana Bones in one of its new movies
Harry
decides that he cannot fulfill this contract so he assigns his rights and delegates his duties under
the contract to Tom Smellnik, another famous actor and friend of Harry. Which of the following
best describes this situation?
A) Paragon Studios must accept Smellnik whether he is a good actor or not.
B) Paragon Studios must accept Smellnik, so long as he is an equally capable actor.
C) Smellnik must accept this job because it was assigned to him.
D) Ford may not delegate his duty under this contract.
E) A and D
D
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Which of the following statements about bond accounting under the effective interest method is correct?
a. The cash interest paid is calculated as the bond face value × the effective rate. b. The interest expense is calculated as the carrying value × the effective rate. c. The difference between the cash interest paid and the interest expense is added to the carrying value of the bonds if bonds were sold at a premium. d. The difference between the interest expense and the interest paid is deducted from the carrying value of the bonds if bonds were sold at a discount.
Traditional stakeholders for a firm include all of the following except
a. Employees b. Suppliers c. The government d. Competitors
"Capital" is sometimes defined as funds supplied to a firm by investors.
Answer the following statement true (T) or false (F)
In Fiedler's contingency model of leadership effectiveness, leadership styles were measured with an instrument assessing the leader's
A. drive. B. least preferred coworker. C. task orientation. D. self-confidence. E. psychological maturity.