Provide an overview of the LPC theory of leadership.
What will be an ideal response?
The LPC theory attempts to explain and reconcile both the leader’s personality and the complexities of the situation. “LPC” stands for “least-preferred coworker.” The LPC theory contends that a leader’s effectiveness depends on the situation and, as a result, some leaders may be effective in one situation or organization but not in another. The theory also explains why this discrepancy may occur and identifies leader–situation matches that should result in effective performance.
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To safeguard a business's assets and reduce the likelihood of fraud and errors, its accounting information system ________.
A) should be manual B) must be flexible to accommodate changes in a business over time C) should work smoothly with the business's employees D) must provide adequate controls of a business's assets and data
Which of the following accounts is decreased with a debit?
a. Notes Payable b. Cash c. Interest Expense d. Dividends
Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions: a. Invested $10,000 cash and $15,000 of computer equipment in the business in exchange for common stock.b. Paid $500 cash for an insurance premium covering the next 12 months.c. Completed office services for a customer and collected $1,000 cash.d. Paid $200 cash for office supplies.e. Paid $2,000 for October's rent.Prepare journal entries to record the above transactions. Explanations are unnecessary.
What will be an ideal response?
A major advantage of a flat organization is _____
a. good communication among levels of supervision b. a long channel of communication c. the existence of several levels of supervision d. fewer employees reporting to each manager