Why is being a team player an important aspect of professionalism?
What will be an ideal response?
Answer: Professionals know that they are contributors to a larger cause, that it's not all about them. Great team players know how to make those around them more effective, whether it's lending a hand during crunch time, sharing resources, removing obstacles, making introductions, or offering expertise. Being a team player also means showing loyalty to your organization and protecting your employer's reputation–one of the most important assets any company has. Professionals don't trash their employers in front of customers or in their personal blogs. When they have a problem, they solve it; they don't share it.
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If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is termed:
A) time variance B) price variance C) quantity variance D) rate variance
A new franchisee can be expected to be required to undergo considerable training on operating the business.
Answer the following statement true (T) or false (F)
The probability that the desired return on an investment will be different from the desired return
is defined as A) open market operations. B) discount rate. C) reserve requirements ratio. D) risk. E) unable to tell with the information provided.
anice has a 30% interest in the Jansen Partnership. She is to receive a guaranteed payment for deductible services of $50,000. The partnership reports $30,000 of ordinary income and a $100,000 long-term capital gain before deducting the guaranteed payment. What is her income from the partnership?
What will be an ideal response?