Which of the following best describes Kenneth's role in his team?
Scenario: Kenneth and Anjali are members of a team at Treehouse Enterprises. Kenneth tries to keep the team moving toward accomplishing its goals, and he possesses the knowledge and skills required for carrying his team's assignments into effect. Deidre is very supportive of the team members and in the past has comforted team members whose feelings have been hurt. Kenneth, Anjali, and the other team members believe that all new information any of them receives should be shared among team members because it will improve team performance.
A) team maintenance
B) task specialist
C) corporate entrepreneur
D) boundary spanner
E) negotiator
B) task specialist
Explanation: Roles are different sets of expectations for how different individuals should behave. Task specialist roles are filled by individuals who have particular job-related skills and abilities. These employees keep the team moving toward accomplishment of the objectives.
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Indicate whether the statement is true or false
What is the name of the federal statute enacted in 1883 that created the civil service system for federal employees?
a. Sarbanes-Oxley Act b. Pendleton Act c. Line Item Veto Act d. Patient Protection and Affordable Care Act
On February 1, Futuristic Electronics sells and delivers $10,000 worth of computer parts to Martin Business Systems to be paid for on March 1. On February 2, Martin's ceiling leaks requiring immediate repair worth $10,000
Lewis Kuhn, the contractor, refuses to do this work without security, so Martin gives Kuhn a chattel mortgage on the computer parts to get the work done. Unfortunately, Martin goes bankrupt and does not pay Futuristic. Futuristic wants to take the computer parts back, while Kuhn wants to seize them under his chattel mortgage. Which of the following is TRUE? A) The chattel mortgage is not enforceable because Martin has not paid for the parts and therefore Futuristic still owns them. B) The chattel mortgage is enforceable because ownership (title) passed on delivery of the computer parts to Martin's premises. C) The chattel mortgage is not enforceable as it is the wrong security instrument – a general security agreement should have been used. D) The chattel mortgage is not enforceable because it was taken subsequent to Futuristic's security interest in the property – i.e. the earlier security takes priority. E) The chattel mortgage is not enforceable because Futuristic has an automatic purchase money security interest in the equipment.
Exhibit 4.1The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of
$)2018Net sales $84,000 Operating costs except depreciation78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT)$4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds6% Federal plus state income tax rate40% Year-end stock price $47.52 ? Refer to Exhibit 4.1. What is the firm's P/E ratio? Do not round your intermediate calculations. A. 12.0 B. 12.6 C. 13.2 D. 13.9 E. 14.6