Answer the following statements true (T) or false (F)
1. Spiritual culture focuses on opportunities for employees to grow in the workplace by
carrying out meaningful tasks that contribute to the good of society as a whole.
2. In the case of a new product, teams working in a foreign country might step in to
manage the “downstream functions” that focus on sales and marketing of the product
after the launch. These functions are most closely related to standardization.
3. The second stage of culture adaptation is disintegration, which is when feelings of
nervousness and insecurity may appear.
4. Organizations with successful socialization strategies are more likely to have a
positive organizational culture.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
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On January 1, 20xx, Swenson Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $20.00 per share. On February 1, 20xx, Swenson purchased 3,000 shares of treasury stock for $21 per share and later sold the treasury shares for $24 per share on March 1, 20xx. The journal entry to record the purchase of the
treasury shares on February 1, 20xx, would include a A) credit to Treasury Stock for $63,000. B) debit to Treasury Stock for $63,000. C) debit to a loss account for $9,000 D) credit to a gain account for $9,000.
Which of the following ratios was not discussed in the text as one useful in detecting understatement of liability fraud?
a. Quick assets/current liabilities b. Accounts payable/purchases c. Accounts payable/net sales d. Current assets/current liabilities
A retailer in Winnsboro, Louisiana, is licensed to sell John Deere tractors. This retailer is a:
A. product and trade name franchisee B. restricted franchisor C. business format franchisee D. licensed franchisor E. relationship franchisee
Describe four factors you should consider when choosing a financial institution
What will be an ideal response?