Recall an actual conflict you faced. Identify passive, aggressive, and assertive responses to the situation.
What will be an ideal response?
Student answers will vary; additional sample answers may be found in the IM.
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Which of the following is NOT true about certified public accountants?
a. CPAs need not meet educational requirements as long as they can pass the CPA exam. b. CPAs are licensed by the state in which they practice. c. CPAs generally work for accounting firms that provide services to other companies or individuals. d. Public accountants can do tax consulting. e. CPAs perform examinations of other firms’ financial statements.
Assume that Sherrie's Cherries contracts with Dessert World to sell and ship 600 pounds of cherries in three equal installments of 200 pounds each. If the first installment arrives with 5 pounds of spoilage, then Dessert World may
a. reject the installment shipment because of the perfect tender rule. b. not reject the installment if those in the food industry expect a small percentage of spoilage with fresh fruits or vegetables. c. reject the entire contract. d. declare a breach and "cover."
Mintzberg maintains that emergent strategies are often successful and may be more appropriate than intended strategies.
Answer the following statement true (T) or false (F)
By selling short a futures contract of $100,000 at a price of 96, you are agreeing to deliver ________ face value securities for ________
A) $100,000; $104,167 B) $96,000; $100,000 C) $100,000; $96,000 D) $100,000; $100,000