A new CEO scores very high on the Emotional Competency Inventory yet still ends up having to resign for blatant ethical misconduct. How can this be the case?
a. CEOs are obligated to adopt an authoritarian leadership style.
b. The Emotional Competency Inventory does not measure ethics.
c. Organizational pressures likely pushed the CEO to act unethically.
d. The industry as a whole compelled ethical misconduct.
b. The Emotional Competency Inventory does not measure ethics.
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Indicate whether the statement is true or false
The house had almost been framed when an F-5 tornado ripped across the plains and turned the house back into a lumber pile, albeit not stacked as neatly as it was originally. The homeowner's fears of:
A) Technical risks had come true. B) Operating risks had come true. C) Acts of God had come true. D) Environmental risks had come true.
ABC Corporation began operations on January 1st of this year with a cash balance of $250,000. ABC
had sales of $200,000 for the month of January, all on credit. ABC allows its customers 30 days to pay. ABC's expenses for January equal $150,000, and ABC's ending balance in accounts payable at January 31st is $50,000. In its cash budget for January, ABC's ending cash balance should be equal to A) $200,000. B) $150,000. C) $300,000 because of GAAP accrual accounting rules. D) $100,000.
The manufacturing overhead budget of Reigle Corporation is based on budgeted direct labor-hours. The February direct labor budget indicates that 5,800 direct labor-hours will be required in that month. The variable overhead rate is $4.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $82,360 per month, which includes depreciation of $16,820. All other fixed manufacturing overhead costs represent current cash flows.Required:a. Determine the cash disbursements for manufacturing overhead for February.b. Determine the predetermined overhead rate for February.
What will be an ideal response?