Which of the following is NOT a characteristic of Likert's System 4 management?
a. empowerment of employees at all levels
b. decisions made at lower levels
c. communication primarily downward
d. perceived confidence and trust between superiors and subordinates
e. individual accountability in place of rigid policies
c
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When should a consolidated entity recognize a goodwill impairment loss?
A. Whenever the entity's market value declines significantly. B. If both the market value of a reporting unit and its associated implied goodwill fall below their respective carrying values. C. Annually on a systematic and rational basis. D. If a reporting unit's market value falls below its original acquisition price.
Ranger Pool Company received cash of $40,000 and issued common stock. Which of the following accounts will be credited?
A) Accounts Receivable B) Cash C) Common Stock D) Accounts Payable