______ comes from within the individual and is independent of the position he or she holds in an organization.
A. Legitimate power
B. Organizational power
C. Personal power
D. Coercive power
C. Personal power
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Which of the following is TRUE of an effective accounting information system?
A) It has little influence in improving a company's internal control activities. B) The cost of using an accounting information system is the same for both small and largebusinesses. C) A compatible accounting information system works smoothly with the business' s employees and organizational structure. D) Large private companies prefer a manual accounting information system since their financial statements are not audited.
Brand loyalty in the product choice step of the consumer decision-making process is an example of a ________
A) psychographic B) consumer expectation C) cognitive dissonance D) heuristic E) behavioral target
Harrod Company paid $6100 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $6100, and no adjustments had been made previously. The adjusting entry required on December 31 is:
A. Debit Prepaid Insurance, $1525; credit Insurance Expense, $1525. B. Debit Prepaid Insurance, $3050; credit Insurance Expense, $3050. C. Debit Cash, $6100; Credit Prepaid Insurance, $6100. D. Debit Insurance Expense, $3050; credit Prepaid Insurance, $3050. E. Debit Insurance Expense, $1525; credit Prepaid Insurance, $1525.
?The long-term health of the firm depends solely on having products that generate cash and provide acceptable reported profits.
Answer the following statement true (T) or false (F)