What is the second step in strategy making?
What will be an ideal response?
Ans: setting objectives
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Rodriguez and Ying start a partnership on July 1, 2019. Rodriguez contributes $4100 cash, furniture with a current market value of $55,000, and computer equipment. The computer equipment originally cost $48,000 in 2017 with recorded accumulated depreciation of $28,000. The current market value of the computer equipment is $17,000. At what value should the computer equipment be recorded in the accounting records of the partnership?
A) $48,000 B) $17,000 C) $20,000 D) $28,000
Who under the oversight of the firm's governing board, prepares the financial statements?
a. independent auditor b. Securities and Exchange Commission c. Public Companies Accounting Oversight Board d. general counsel e. management
Nikolas is currently in an age group whose labor force participation rate is projected to increase between now and 2050 according to the U.S. Bureau of Labor Statistics. Given the following choices, how old is Nikolas?
A. 15 B. 27 C. 38 D. 58
An effective manager would be most likely to
A. place less value on the opinions of less-experienced subordinates. B. carefully monitor and control employee behavior using legitimate power. C. use coercive power consistently to raise employee morale. D. use reward power and referent power sparingly. E. acknowledge employees' accomplishments with rewards.