The ______ leadership approaches attempt to determine the distinctive styles used by effective leaders.
A. behavioral
B. servant
C. shared
D. trait
E. contingency
A. behavioral
Behavioral leadership approaches attempt to determine the distinctive styles used by effective leaders. Leadership styles are the combination of traits, skills, and behaviors that leaders use when interacting with others.
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Clark was late to work one morning and decided to use the McDonald's drive-through for his morning cup of coffee. Normally a coffee drinker loyal only to Starbucks, Clark was more interested in speed due to his tardiness. Which of the following best describes Clark's shopping situation?
A. Specialty shopping B. Time-crunch shopping C. Comparison shopping D. Distributive shopping E. Convenience shopping
Sophisticated Widgets Inc. is considering an investment project that will require an initial investment of $200,000 in net working capital and have an estimated life of 5 years. The project’s incremental sales are expected to be 300,000 units at a price of $15 per unit for the first year. The price per unit is expected to grow at the rate of inflation of 3% per year. The variable costs will represent 65% of annual revenues and the fixed costs will be $800,000 annually. The capital spending associated with the project will cost $1,900,000 and will require an additional $150,000 of shipping and installation expenses. The fixed assets associated with the project will be depreciated using the MACRS 7-year class life. After five years the project’s fixed assets can be sold for $350,000.
The WACC is 15% and the marginal tax rate is 40%. a) Calculate the initial investment, annual after-tax cash flows, and the terminal cash flow of this investment project. b) Determine the payback period, discounted payback period, NPV, PI, IRR, and MIRR of this project. Should this project be accepted? c) Perform the same sensitivity analysis as that in Exhibit 13-5, page 402 (except that you should use increments of 5% from -15% to 15%) for the following uncertain variables: number of units, variable cost as a percentage of sales, investment in net working capital, salvage value, and inflation rate. Create a sensitivity diagram that includes all of these variables.
Which type of question is best for clarifying and gaining commitment on several buying conditions?
A) open B) closed C) probing D) summary-confirmation E) need-satisfaction
An intentional tort is one in which the defendant is involved in a(n) ________
A) careless action that can harm the plaintiff B) purposeful action that can harm the plaintiff C) action that is so inherently dangerous that no amount of due care can make it safe D) civil wrong that fails to meet the standard of care that a reasonable person would meet