Which of the following refers to the unstated standard operating procedures or ways of doing things?
A. climate
B. diversity
C. culture
D. anthropology
C. culture
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When a company discounts an interest-bearing note at a bank with recourse:
a. The company is assured payment at maturity. b. The company will receive the full amount of the note plus interest. c. The company has a contingent liability from the time the note is discounted until its maturity date. d. The bank assumes the credit risk on non-payment at the maturity date.
Contingency theory asserts that the mechanisms that regulate organizations are the result of the interactive effect between the structure and function of the organization. What is the term commonly used for this approach?
a. Corporatist functionalism b. Structural functionalism c. Structural engineering d. Corporate structure
Unless otherwise agreed to by the parties, if the buyer purchases goods on credit sale from the seller, the credit period starts from the time ________
A) the goods are shipped B) the buyer receives the goods C) the contract is signed by the buyer D) the buyer accepts the shipment
States have authorized the formation of limited liability companies
a. True b. False Indicate whether the statement is true or false