The normal operating cycle helps define which of the following balance sheet sections?
A) Stockholders' equity
B) Current liabilities
C) Intangible assets
D) Property, plant, and equipment
B
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In order to not incur the tremendous costs of purchasing equipment for a manufacturing plant, an entrepreneur may
A. plan a harvest strategy. B. reduce the volume of production. C. form a strategic alliance. D. downsize the plant's operations. E. take loans from lenders.
Reasons for sourcing globally that were discussed in the text include all of the following except
A. avoiding taxes in the home country. B. improving the quality of a company's products. C. obtaining a lower price. D. accessing products not available locally.
________ involves the strategic use of mailing points and bank accounts to lengthen mail and clearing floats
A) A direct send B) Concentration banking C) A lockbox D) Controlled disbursing
In the context of factors affecting motivation at work, which of the following statements is true of empowerment?
A. Delegating leadership and decision making down to the lowest level possible is a component of empowerment. B. Empowered employees lack the latitude to make decisions and are uncomfortable making these decisions. C. An empowered worker will have fewer choices in how and when to accomplish high work demands and will suffer from more stress than will an unempowered worker. D. Leaders should select only followers who both possess the right skills and have a higher level of a personality trait called achievement orientation.