In which of the following situations is the direct organizational method the preferred way to deliver bad news?
A) The news is likely to upset or anger the audience
B) The news is irrelevant to health and safety
C) The news is difficult to explain and understand
D) It is important that the audience sees the news immediately
E) The news is unexpected
Answer: D
Explanation: D) The direct organizational method is preferred when it is important that the audience see the news immediately. It is used mostly when the news is expected and is unlikely to upset or anger the audience.
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Genity Corporation records business transactions in dollars and disregards changes in the value of a dollar over time. Which of the following accounting assumptions does this represent?
A) economic entity assumption B) going concern assumption C) accounting period assumption D) monetary unit assumption
If the firm's current liabilities in June were $37,000, the net working capital was ________.(See Table 14.1)
A) $20,000 B) $21,500 C) $23,000 D) $38,000