Which of the following activities is associated with the organizing phase of management?
A) taking corrective action
B) motivating employees
C) monitoring performance
D) allocating resources
E) setting goals
Answer: D
Explanation: D) Organizing is defined as arranging tasks, people, and other resources to accomplish the work.
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When the FASB deliberates about an accounting standard, firms whose financial statements would be affected by that standard
a. are legally barred from lobbying the FASB. b. are not allowed to lobby the FASB if the standard would have a negative impact on their financial statements. c. are not allowed to lobby the FASB if the standard would have a positive impact on their financial statements. d. are free to lobby for or against the standard.
The average outgoing quality (AOQ) is the:
A) proportion of defectives that the sampling plan will allow to pass. B) proportion of non-defectives that the sampling plan will allow to pass. C) highest proportion of defectives that the sampling plan will allow to pass. D) lowest proportion of defectives that the sampling plan will allow to pass.
A franchisee can operate as an independent businessperson but cannot then obtain the advantages of a national organization.
Answer the following statement true (T) or false (F)
A local bank is offering a zero-coupon certificate of deposit for $25,000. At maturity, three years from now, the investor will receive $32,000. What is the rate of return on this investment?
A) 3 percent B) 6 percent C) 9 percent D) 12 percent