Your New Firm Is Operating in an All-Cash Environment Without

question 14

Multiple Choice

Your new firm is operating in an all-cash environment without taxes.You sold $1,000 of inventory for three times the amount you paid for it.The accounting entries you would make for this transaction are:

• A)$1000 increase in cash,$1,000 decrease in inventory.
• B)$2,000 increase in cash.
• C)$3,000 increase in cash,$1,000 decrease in inventory,$2,000 increase in accounts receivable.
• D)$3,000 increase in cash,$1,000 decrease in inventory,$2,000 increase in retained earnings.

Understand the conflict process and its implications on organizational behavior.

Identify and differentiate between types of third-party interventions in conflict resolution.

Analyze the sources and outcomes of conflict within organizations.

Discuss strategies for minimizing dysfunctional conflict and promoting constructive conflict.

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 0 indicates impossibility and 1 indicates certainty.

Flipping

The act of turning something over to its opposite side or changing its position, often used metaphorically to describe a dramatic change in perspective or situation.

Quarter

A three-month period on a financial calendar that acts as a basis for periodic financial reporting and dividend payments.

Nickel

A chemical element with symbol Ni and atomic number 28, known for its strength, corrosion resistance, and usefulness in alloys.