The leadership style advocating that a leader involve subordinates in most decisions as well as the assignment of tasks is called
A. laissez-faire.
B. hands-off.
C. existential.
D. authoritarian.
E. participative.
Answer: E
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The tendency of a group to settle on a decision that is "good enough" is called
A. goal displacement. B. satisficing. C. groupthink. D. heuristics. E. pseudo-optimization.
The cash payments journal does not include which of the following?
a. the check number; b. the date paid; c. the amount of check; d. a Cash Debit column; e. an Accounts Payable column
High-value creating enterprises should be thinking in terms of functions, not activities
Indicate whether the statement is true or false
If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then:
A. the actual variable overhead rate exceeded the standard rate. B. the standard direct labor-hours allowed for the actual output exceeded the actual hours. C. the standard variable overhead rate exceeded the actual rate. D. the actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output.