Dwayne Is in Charge of a Large Group and Was

question 51

Multiple Choice

Dwayne is in charge of a large group and was given the authority to choose its members. He chose Leeza because he has always been impressed with her efforts, but within a few weeks he notices Leeza isn't meeting his expectations. To improve Leeza's performance, it would be BEST for him to ________.

• A) offer extrinsic rewards to the entire group if they meet their deadlines
• B) reduce pressure on Leeza by telling the group that they fail or succeed together
• C) reprimand the entire group for Leeza's poor performance
• D) have peers evaluate each other's work and give rewards based on the evaluations

Recognize how the fair value of assets and liabilities affects consolidation.

Understand the implications of a bargain purchase in a business combination.

Know the differences in the treatment of non-controlling interests (NCI) under different consolidation methods.

Discern the impact of different consolidation approaches on the presentation of consolidated financial statements.

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Definitions:

Supreme Authority

The highest level of command or control in an organization or a system.

Tax Payer

An individual or entity that is obligated to make contributions to government funds through the payment of taxes.

Bargaining Power

The capacity of one party to influence the outcome of negotiations by controlling resources or circumstances that are desirable to the other party.

NLRB

The National Labor Relations Board, an independent federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.