Describe the stages of organizational decision making
What will be an ideal response?
There are four stages in decision making: intelligence, design, choice, and implementation. Intelligence is the stage of identifying that a problem exists and defining it. In the design stage, the various solutions available are discussed and formulated. In the choice stage, the organization decides which solution is the most viable. In the implementation stage, the organization makes the chosen solution work and monitors how well it is doing.
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Which of the following statements is true?
A) One of the essential characteristics of a liability is that the transaction or other event obligating the entity will probably occur in the future. B) In order for there to be a liability, a duty or responsibility must be present that obligates a particular entity. C) In order for there to be a liability, a legally enforceable claim must be present. D) In order to have a liability, the identity of the recipient must be known.
On December 31 . 2014, Omar Corporation's current liabilities total $60,000 and long-term liabilities total $160,000 . Working capital at December 31 . 2014, is equal to $90,000 . If Omar Corporation's debt-to-equity ratio is .40 to 1 . total long-term assets must equal
a. $620,000. b. $770,000. c. $550,000. d. $680,000.
The five-level ______ Model of Global Leadership attempts to identify a progression of skills required for effective global leadership.
Fill in the blank(s) with the appropriate word(s).
The purpose of the appropriation of retained earnings is:
a. to allow the corporation to declare higher stock dividends. b. to enable the corporation to pay higher salaries to the board of directors. c. to enable the corporation to pay off outstanding debts. d. to restrict the corporation's right to take over another corporation. e. to restrict the corporation's ability to pay out its assets as dividends.