As a manager, Julia believes that every member of her team should receive the same pay raise each year regardless of their individual contribution. Julia is following the distributive justice principle when managing salaries in this way.
Answer the following statement true (T) or false (F)
False
Managers have an obligation to ensure that distributive justice exists in their organizations. This does not mean that all members of an organization receive identical or similar outcomes; rather, it means that members who receive more favorable outcomes than others have made substantially higher or more significant contributions to the organization.
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Explain management's responsibility as it pertains to internal control of a company
Answer the following statement(s) true (T) or false (F)
1. A hypermarket is basically a very large superstore. 2. Avon uses non-store retailing. 3. Traditional retailers are found in the entry phase of the wheel of retailing. 4. Supply chain management is the process of managing the flow of materials, parts, work in progress, finished goods, the return of goods, and information by coordinating the activities of all organizations in the chain. 5. Physical distribution by water (barges and cargo ships) is the lowest cost method.
All of the following regarding the current ratio are true except:
A. Current ratio helps to assess a company's ability to pay its debts in the near future. B. Current ratio does not affect a creditor's decision on whether to allow a company to buy on credit. C. Current ratio can reveal challenges in covering short-term obligations if it is less than 1. D. Current ratio can affect a creditor's decision about whether to lend money to a company. E. Current ratio is calculated by dividing current assets by current liabilities.
Which of the following statements is the most common explanation as to why a company might have a negative amount of total stockholders' equity on its balance sheet?
A. Its cash is segregated in a separate bank account designated for emergency uses. B. Its total revenues are less than its total expenses in the current period. C. Its total assets exceed its total liabilities. D. It has a negative balance in its Retained Earnings account.