Explain the advantages of having outsiders (non-employees) as board members.
What will be an ideal response?
Outsiders are not financially dependent on the firm so they can be more objective and dispassionate when advising the management team. Outsiders who are not family members can mediate disputes about succession or other emotion-laden issues. Outsiders may provide the necessary nudge to prompt the owner to take actions necessary to the success of the business, actions the owner may have been putting off. Outsiders with extensive social and professional networks can facilitate connections between the owner and their networks.
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Various transactions may change the amount and composition of the assets and liabilities, but the ____________________________ must balance after each transaction
Fill in the blank(s) with correct word
The question-and-answer session with the audience during your presentation ________
A) helps you build your credibility by demonstrating your expertise and openness B) is not an effective way to make your presentation interactive C) does not allow you to deflect or address your audience's criticism D) undermines and trivializes the important parts of your presentation E) does not allow you to emphasize and expand on important points
Messages should be evaluated on
a. desirability, exclusiveness and believability b. words, order and style c. content, images and mood d. product, service or behavior e. shaping, distinctiveness and behavior modification
Of the three ways to alleviate the psychological discomfort associated with cognitive dissonance, which item below is not one of them?
a. Change the behavior b. Change the belief c. Have congruous thoughts d. Rationalize the inconsistency