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Are you confident of the different ways to contact Honorlock technical support or the professor/TAs for your questions before or during an exam? 

Discuss the Problem-Solving Process (Fig. 4.1) and its relation to double-loop learning.

Discuss Rahim’s 5 styles of conflict management. Briefly describe each and give an example where each style is appropriate.

Pick 2 conflict management styles and compare and contrast how they could be used effectively by the team discussed in the case study. Provide specific examples from the case study to support your arguments.

Define Debit and Credit and their importance in accounting. 

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:  

The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:  

Use the trial balance for Peach’s Pastry Shop and prepare a properly formatted Income Statement.  Peach’s Pastry Shop, LLC Trial Balance October 30 Cash $67,000 Accounts Receivable 7,200 Bakery Supplies 17,300 Bakery Shop Equipment 155,000 Delivery Van 75,000 Accounts Payable $16,500 Salaries Payable 9,300 Notes Payable  65,000 Common Stock 150,000 Retained Earnings 69,155 Dividends 14,000 Sales Revenue 215,005 Salaries Expense 66,075 Bakery Supplies Expense 47,425 Rent Expense 60,000 Insurance Expense 14,360 Van Maintenance Expense 1,600 Totals $524,960 $524,960      

The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is:  

It is obvious that an error occurred in the preparation and/or posting of closing entries if: