Using the Following Balance Sheet and Income Statement Data, What

question 82

Multiple Choice

Using the following balance sheet and income statement data, what is the total amount of working capital? Average common shares outstanding was 10,000.

• A) $7,000
• B) $5,000
• C) $3,000
• D) $2,000

---

Definitions:

Legitimate Power

Authority that is recognized and accepted due to one's official or formal position within an organization.

Compliance

The act of conforming to or following rules, guidelines, or standards.

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument.

Influence Tactic

A strategy employed to persuade or sway others to support a viewpoint or undertake a specific action.