Managers are responsible for numerous activities including planning, operating, and controlling. Define these three types of activities and provide at least one example of each
Planning activities involve the development of both short-term (operational) and long-term (strategic) objectives and goals of an organization and an identification of the resources needed to achieve them. Examples include budget preparation, capital expenditure decisions, plant expansion decisions, production plans, etc.
Operating activities involve the day-to-day operations of a business. Examples include special order decisions, pricing decisions, employee policy decisions, etc.
Controlling activities involve the motivation and monitoring of employees and the evaluation of people and other resources used in the operations of the organization. Examples include employee evaluations, bonus calculations, employee rewards, etc.
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A U.S. company agrees with a foreign company to start a new enterprise together in a foreign country, sharing the risks and the rewards. This is called a
A. countertrade. B. greenfield venture. C. wholly owned subsidiary. D. strategic alliance. E. maquiladora.
Dividends in Arrears
a. is a liability account. b. appear in the notes to the financial statements. c. is a stockholders' equity account. d. is a contra-stockholders' equity account.
Which of the following is true of vertical marketing systems?
A) Producers, wholesalers, and retailers act as a unified system. B) Channel members have no control over each other. C) Channel conflict is governed by informal mechanisms. D) The system is dominated by the consumer. E) Channel members work independently with no cooperation from other members.
Depreciation expense provides a tax shield against the payment of taxes
Indicate whether the statement is true or false