When Andy Forsummer, the owner of Barcelona Restaurants Group, rejects management philosophies that stress employee social relations and employee happiness, he is refuting ideas championed by:
a The human relations approach to management.
b The systems approach to management.
c Henri Fayol's administrative management.
d Max Weber's bureaucratic management.
a: The human relations approach to management
When Andy Forsummer, the owner of Barcelona Restaurants Group, rejects management philosophies that stress employee social relations and employee happiness, he is refuting ideas championed by the human relations approach to management. The human relations approach to management focuses on people, particularly the psychological and social aspects of work.
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According to the signaling theory, a firm with unfavorable future prospects might issue common stock in an effort to:
A. share any losses with new stockholders (owners). B. increase bankruptcy costs associated with the firm. C. skip the regular dividend payments on common stock. D. maintain a reserve borrowing capacity. E. increase the tax benefit it derives from dividend payments to stockholders.
Gekko Properties is considering purchasing Teldar Properties. Gekko's analysts project that the merger will result in incremental after-tax cash flows of $2 million, $4 million, $5 million, and $10 million over the next four years. The horizon value of the firm's operations, as of Year 4, is expected to be $108 million. Assume all cash flows occur at the end of the year. The acquisition would be made immediately, if it is undertaken. Teldar's post-merger beta is estimated to be 2.0, and its post-merger tax rate would be 35.00%. The risk-free rate is 6.00%, and the market risk premium is 5.70%. What is the value of Teldar to Gekko Properties? Do not round intermediate calculations.
A. $78,888,332 B. $69,812,683 C. $76,793,952 D. $82,378,966 E. $56,548,273
With respect to American Express's change process, which of the following steps answer the question "Why are we doing this?"
a. Scoping the change b. Driving commitment c. Creating a vision d. Sustaining momentum
Which of the following would be the LEAST likely problem associated with sourcing an international purchase from a developed country (i.e. Western Europe or Japan)?
a. Longer leadtimes b. Cultural differences c. Poor quality d. Currency fluctuations