One of the four elements of leadership teams involves forming key business process teams. Which of the following elements of leadership teams does this refer to?
a. Analysis
b. Implementation
c. Review
d. Planning
b
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________ means "honesty in fact in the transaction concerned."
A. Good title B. Good risk C. Good value D. Good faith
According to annual reports expert Sid Cato, a company's annual report should
a. be viewed as the most important document a company can produce. b. avoid biographical data on corporate officers. c. avoid colored artwork. d. follow all of the above.
Which rule states that if someone issues an instrument to a person who does not exist, then any indorsement in the name of the payee is valid as long as the person who pays the instrument does not know of the fraud?
a. The Imposter Rule b. The Indorsement Rule c. The Conversion Rule d. The Fictitious Payee Rule
Caterpillars, Inc, a manufacturing company, acquired equipment on January 1, 2014 for $600,000
Estimated useful life of the equipment was seven years and the estimated residual value was $18,000. On January 1, 2017, after using the equipment for three years, the total estimated useful life has been revised to nine total years. Residual value remains unchanged. The company uses the straight-line method of depreciation. Calculate depreciation expense for 2017. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $57,143 B) $55,429 C) $66,667 D) $64,667