________ would be an ineffective practice in building cohesive teams with high-performance norms.
A. Publicizing teams' successes and achievements
B. Being a participative leader
C. Following a high degree of autocratic decision making
D. Presenting a challenge from outside the team
E. Keeping the team small
Answer: C
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Organizations that consistently nurture teams tend to experience which of the following?
A. increased turnover B. decreased absenteeism C. no effect over time D. decreased productivity
Harrod Company paid $4,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $4,800 and no adjustments had been made previously. The adjusting entry required on December 31 is:
A. Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400. B. Debit Prepaid Insurance, $2,400; credit Insurance Expense, $2,400. C. Debit Prepaid Insurance, $1,200; credit Insurance Expense, $1,200. D. Debit Insurance Expense, $1,200; credit Prepaid Insurance, $1,200. E. Debit Cash, $4,800; Credit Prepaid Insurance, $4,800.
Possible titles for first-line managers include the following, EXCEPT ______.
a. office manager b. team leader c. regional manager d. supervisor
The total fixed cost for Harold, a salesperson, is $20,000 per month. Harold generates 25% gross profit on the products he sells. If Harold sells $200,000 worth of merchandise in six months, which of the following statements is true?
A. Harold generated $30,000 gross profit for the company. B. By having Harold, the company incurred a direct loss of $70,000. C. Harold generated $120,000 in gross profit for the company. D. By having Harold, the company incurred a direct loss of $280,000. E. Harold sold $120,000 worth of goods, which equals the BEP.