How can a large firm foster an entrepreneurial spirit within the organization?
A) Follow the accepted wisdom of the department or industry.
B) Require all employees to be innovators.
C) Increase the size and funding for the Research and Development department.
D) Reward risky behavior that might lead to innovation.
E) Include team behaviors on performance reviews.
Answer: D
Explanation: Injecting the entrepreneurial spirit sometimes means going against the accepted wisdom. In other words, it can be risky behavior that may or may not be rewarded. Companies sometimes need to take special steps to encourage, protect, and reward the entrepreneurial spirit.
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An annual reporting period consisting of any twelve consecutive months is known as:
A. Seasonal year. B. Natural business year. C. Fiscal year. D. Calendar year. E. Interim financial period.
When a firm uses the par value method to account for treasury shares, ________________. The par value method requires specific identification of the date and initial proceeds of the shares repurchased, which is why firms seldom use this method
a. the accountant debits the Treasury Stock—Common account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price and the original issue price. b. the accountant debits the Common Stock account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price and the original issue price. c. the accountant debits the Common Stock account for the par value of the repurchased shares, credits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price and the original issue price. d. the accountant debits the Retained Earnings account for the par value of the repurchased shares, credits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Common Stock account for any difference between the repurchase price and the original issue price. e. the accountant debits the Retained Earnings account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Common Stock account for any difference between the repurchase price and the original issue price.
Discuss the tenant's and the landlord's basic duties under a landlord-tenant relationship
Managing requires ________, while leading includes setting the direction.
A. creating followers B. planning and budgeting routines C. orchestrating change D. creating a vision E. inspiring people