Which one of the following assesses the ability of a money manager to balance high returns with an acceptable level of risk?
A. probability analysis
B. market analysis
C. risk assessment
D. raw return ratio
E. performance evaluation
Answer: E
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Among subordinates, who should a good manager imbue with the most autonomy and decision-making authority?
a. all employees equally b. the best performers c. the fence-sitters d. the adversarials
As an order clerk, Maddy does well on the job task of entering customer information and product information on order forms. She is accurate and efficient in her work. She is also friendly and energetic with her customers and coworkers. She appears to enjoy the job. According to situational management, her manager should use a(n) ______ management style to manage Maddy’s performance.
A. autocratic B. consultative C. participative D. empowering
A company anticipates selling $200,000 of goods, of which $15,000 will probably be uncollectible. Which of the following statements is true?
A) $15,000 is subtracted from the cash budget B) $215,000 is added to the cash budget C) $15,000 does not appear on the cash budget D) $185,000 appears as a disbursement on the cash budget E) none of these
Purchasing materials in higher volumes has the advantage of reducing ______.
A. unit cost of material B. costs associated with storing these materials C. avoiding the possibility of having a surplus of finished products D. price charged to customer