Discuss reasons for complacency.
What will be an ideal response?
Sources of complacency include the absence of a major and visible crisis; too many visible resources; low overall performance standards; organizational structures that focus employees on narrow functional goals; internal measurement systems that focus on the wrong performance indexes; a lack of sufficient performance feedback from external sources; a kill-the-messenger-of-bad-news, low-candor, low-confrontation culture; human nature, with its capacity for denial, especially if people are already busy or stressed; and too much happy talk from senior management.
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Frauds in the cash disbursement function:
a. are less direct and more subtle than purchasing and accounts payable frauds b. have decreased significantly due to a decrease in the number of checks being written c. can be decreased or prevented by using digitally signed electronic payments d. all of the above
Your marketing department is currently researching the age, race, and household structures of your target market. Which environment is being researched?
A) social and cultural B) competitive C) economic D) legal E) political
Worker migration and immigration are driving significant change in the composition of the workforce. What challenges/opportunities does this present for large corporations?
What will be an ideal response?
A new roof costs $10,000. Assume that the value of the roof depreciates 5% per year. If your roof is destroyed by fire after five years, then
A) actual cash value is $7,500 and replacement cost is $10,000. B) actual cash value and replacement cost are $7,500. C) actual cash value and replacement cost are $10,000. D) actual cash value is $7,500 and replacement cost is $2,500.