Norman Exchanges a Machine He Uses in His Pool Construction

question 110

Multiple Choice

Norman exchanges a machine he uses in his pool construction business for a used machine worth $6,000 to use in the same business. He purchased the machine 3 years ago for $22,000 and had taken depreciation of $9,000 on the machine. In the exchange, Norman also receives $3,000 of cash. As a result of the exchange,
I.Norman realizes a loss of $4,000 on the exchange.
II.Norman's basis in the acquired machine is $13,000.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

Identify and differentiate between the factors that lead to job satisfaction and dissatisfaction according to Herzberg's two-factor theory.

Comprehend the basis and implications of McClelland's acquired needs theory and Alderfer's ERG theory.

Understand the applications of motivation theories in organizational settings and management practices.

Recognize the role of interpersonal relationships and individual differences in motivation.

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Definitions:

U.S. Marketers

Professionals in the United States who specialize in marketing, focussing on strategies and techniques to promote and sell products or services.

Bottom-line

The final total of an account, balance sheet, or financial result, often referring to a company's earnings or profits.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity, often applied in professional and business environments.

Moral Standards

Principles that govern individuals' distinctions between right and wrong behavior, often derived from societal norms, culture, or religion.