Which of the following professions is most likely categorized as nonexempt?

A) general manager
B) pharmacist
C) paralegal
D) teacher

Answer: C

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Which of the following is included in the entry to record the issuance of 14,000 shares of $7 par value common stock at $21 per share cash?

A) Cash is debited for $294,000. B) Common Stock is debited for $98,000. C) Common Stock is credited for $294,000. D) Paid-In Capital in Excess of Par-Common is debited for $196,000.

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People who are from similar backgrounds and from similar sectors of the company tend to have a set of familiar ideas and work with the same set of unspoken assumptions

This mindset may lead to rejecting different ideas without fair examination. What is this phenomenon called? A) ignoring randomness bias B) overconfidence bias C) analysis paralysis D) group think E) prior-hypothesis bias

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