Answer the following statements true (T) or false (F)
1. In LMX theory, the dyadic relationship is the focal point of the leadership process.
2. LMX challenged the assumption that leaders treated followers in a collective way, as a group, using an average leadership style.
3. In-group relationships are based on the formal employment contract (defined roles).
4. Subordinates in the out-group receive more information and concern from their leaders than do in-group members.
5. Later studies of LMX showed that high-quality relationships between leaders and subordinates produced less employee turnover.
1. True
2. True
3. False
4. False
5. True
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The point in operations at which revenues and expired costs are exactly equal is called the break-even point
Indicate whether the statement is true or false
A corporation reports the following year-end balance sheet data. The company's current ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.37 B. 0.58 C. 2.07 D. 0.63 E. 1.27
SCENARIO-BASED QUESTIONS ?Email Request To Employees ? Revise the following paragraph from an email message to employees. Focus on the voice, appropriate sentence length, and word selection to make the passage effective. ? With the approach of the
end of this fiscal year, it has been recommended by our accountant that the monies allocated in the budget to capital equipment be used as soon as it is expedient. Therefore, as has been our practice in the past, we are requesting that each of you compile a comprehensive detailed list outlining your requests for new equipment that you may have put on the back burner, so to speak. It would be appreciated if you could provide this information to me by the first of next month so that I can begin to process all orders prior to the expiration of the fiscal year. It is anticipated that a multitude of requests will be simultaneously submitted by department heads; it is highly probable that requests for equipment will be processed in the order received and delayed requests may not be funded. I sincerely appreciate your cooperation in our efforts to upgrade some of our capital equipment.
When an employee breaches a fixed-term employment contract by quitting before the end of the
term, what can the employer recover as damages? A) Only amounts paid to the employee for which the employee has not yet done the work B) All amounts already paid to the employee under the contract C) Nothing, because courts do not order anyone to perform a job against his or her will D) The costs of hiring a replacement employee plus any increase in salary paid to the replacement employee