The ISO 9000 principle of leadership includes
a) taking advantage of fully involved employees.
b) establishing unity of purpose.
c) basing decisions on the analysis of accurate, relevant, and reliable data.
d) following a systems approach to management
Answer: b) establishing unity of purpose.
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Discuss the costs of conflict in the workplace
What will be an ideal response?
On April 1, Year 1, Seaside Bookstore bought an insurance policy costing $48,000 that would insure the retail building for two years against fire loss. What asset account and what amount are recorded on the balance sheet at December 31, Year 1?
a. Prepaid Insurance, $30,000 b. Insurance Expense, $30,000 c. Prepaid Insurance, $18,000 d. Insurance Expense, $18,000 e. Insurance Expense, $9,000
Answer the following statements true (T) or false (F)
Economic profit is sometimes referred to as abnormal earnings.
Once a company has diversified into a collection of related or unrelated businesses and concludes that some strategy adjustments are needed, which one of the following is not one of the main strategy options that a company can pursue?
A. divest some businesses and retrench to a narrower diversification base B. craft new initiatives designed to build/enhance the reputation and image of the company C. broaden the diversification base D. restructure the company's business lineup with a combination of divestitures and new acquisitions E. multinational diversification