The requirements of a contract include
a. a statement that the contract is not voidable
b. a promise of enforceability
c. a precedent
d. agreement, consideration, and other elements
D
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Which of the following is a noncurrent asset?
a. Inventories b. Office supplies c. Land d. Accounts receivable
What is the accounting rate of return on the investment? (Round your answer to two decimal places.)
Sayer Tool Co. is considering investing in specialized equipment costing $610,000. The equipment has a useful life of five years and a residual value of $69,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below:
A) 14.36%
B) 16.19%
C) 12.90%
D) 6.45%
Self-direction means that leaders have to
a. direct their attention and focus toward the goals they want—the ones they have consciously picked b. keep their focus on their goals and work on their goals instead of being distracted c. focus on their own wants and needs d. both “a” and “b”
A consequence of the resource dependence perspective is that when leaders start losing their ability to control resources, they:
a. shift to another source of power. b. become dependent on the organization. c. compensate by receiving additional position power. d. lose power.