Socially adept managers will have a knack for ________
A) solving problems quickly using their reasoning abilities
B) exhibiting rational skills to make high-quality decisions
C) controlling their own emotions and impulses
D) judging others based on a variety of objective parameters
E) finding and building common ground with people of all kinds
Answer: E
Explanation: Socially adept managers have a knack for finding and building common ground with people of all kinds. Moreover, leaders, in a sense, infect their organizations with their own emotions, positive or negative.
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Sierra Event Planning Services, Inc. records deferred expenses and deferred revenues using alternative treatments. It makes adjusting entries as needed to bring its books to the full accrual basis once a year at the end of the year On December 15, it collected $1,000 from a customer in advance for a series of events that will start late December and end in March. At the end of the year, it had performed approximately 10% of the services for its customer. The adjusting entry on December 31 will include a debit to Service Revenue for $900.
Indicate whether the statement is true or false
A financially strong firm is in a better position to retain loss exposures than is a firm in a weaker financial position.
a. true b. false