Updated EOPA 3

In the decision making process, what is the difference between constructive and destructive criticism

• Constructive criticism is designed to help an individual improve while destructive criticism is designed to be hurtful

• Individuals tend to respond to destructive criticism better than constructive criticism.

• . Destructive criticism is designed to help an individual improve while constructive criticism is designed to be hurtful.

• There is no difference between constructive and destructive criticism.

When an employee is giving an oral presentation, he/she should speak

• in a low voice

• quickly and urgently

• clearly and confidently

• in a monotone voice

Taxable business and investment income include royalties, partnership income and _____

• disability pensions

• received child support

• rent from personal property

• deposits to IRA account

Ali is responsible for publishing a lengthy article containing numerous source documentations. She learns that the name, Johnsen, should have been Johansen throughout the manuscript. The most efficient way to correct the misspelled name is to use the editing command....

• search

• Go to

• find/replace

• auto correct

Generally Accepted Accounting Principles is a codification used by CPAS and corporations to prepare and present their business income and expenses. These principles are used to

• give timeliness to the income statement

• change information in favor of the business

• provide relevance to the information

• provide consistency in preparing financial statements

Carmelita's boss asked her to determine the current ratio of their company, which is calculated by dividing current assets by current liabilities. Where would Carmelita look to find

• income statement

• balance statement

• statement of owner's equity

• general journal

There are three basic financial statements include income statement, balance sheet and statement of

• reatined earnings

• depreciation

• cash flows

• outstanding debts

When developing a sound and complete business plan, one must include pro forma statements. These statements are intended to provide future expected financial results of the business. The pro forma statements derive their information from

• senior business partners

• conservative sales forecasts

• previous experiences

• internal office surveys

An effective mentor is a person who

• is a good friend of the employee

• has been given salary raises in the past

• is external to the employee's company

• has mastered the skills and experience an employee needs

safeguard confidential tax information, regardless of its format by

• discussing confidential tax matters only during office hours

• leaving laptops unprotected

• using standard envelopes when mailing confidential tax information

• observing a clean desk policy