1. Daniel Goldman, author of Emotional Intelligence, maintains that companies perform better if top managers have emotional intelligence. However, there are numerous stories of CEOs and top managers who have been widely successful even though they are insensitive jerks. If emotional intelligence is so important, how do you account for their success?

2. Accounting is often referred to as the language of business. Does this statement make sense? Why or why not?

3. What is the accounting equation? What accounting activities are covered by the equation - operating, investing, and/or financing activities? Why must they be kept equal?