A contingent liability should be recorded when
a. any lawsuit is actually filed against a company.
b. it is certain that funds are available to pay the amount of the claim.
c. it is probable that a liability has been incurred even though the amount of the loss cannot be reasonably estimated.
d. the amount of the loss can be reasonably estimated and it is probable prior to issuance of financial statements that a liability has been incurred.
D
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Which of the following expense accounts is associated with intangible assets with a definite life?
a. Depletion expense. b. Depreciation expense. c. Amortization expense. d. None of the above.
To which situational leadership approaches is the concept of fluidity applicable?
a. path-goal and Hersey/Blanchard b. Hersey/Blanchard and Vroom/Jago c. path-goal and Vroom/Jago d. only path-goal
Select the statement that does not reflect the connection between the two senses of privacy as a right to be "left alone" and privacy as a right to control information about oneself.
A. Certain decisions we make about how we live our lives play a crucial role in defining our personal identity. B. The right to control certain very personal decisions and information has little relevance to determining the kind of person we are and the person we become. C. To the degree that we value treating each person as an individual, we ought to recognize that certain personal decisions and information are rightfully the exclusive domain of the individual. D. Privacy establishes the boundary between individuals and thereby serves to define one's individuality.
What is the key communications principle to observe when disaster strikes?
A) Do not clam up. B) Tell everything you know. C) Create several backup stories. D) Go on the offensive.