An employee likes to be in charge of his own work and to delegate work to others as he sees fit, but he prefers not to interact with others and can be hostile to collaboration. He also rarely seeks promotion, content to stay in the same job. How would David McClelland describe him?
What will be an ideal response?
The employee has a high need for power because of his desire to direct himself
and others but a low need for affiliation given his hostility to working with others. His
lack of ambition at work indicates a low need for achievement.
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Convertible preferred stock permits the preferred stockholders to convert their shares into common stock
Indicate whether the statement is true or false
The Cloud Security Alliance defines _______ as the provision of security applications and services via the cloud either to cloud-based infrastructure and software or from the cloud to the customers' on-premise systems
What will be an ideal response?
In general, rounding large values of decision variables to the nearest integer value causes fewer problems than rounding small values
Indicate whether the statement is true or false
Company A and Company B are identical in all regards except that during Year 1 Company A borrowed $40,000 at an interest rate of 10%. In contrast, Company B obtained financing by acquiring $40,000 from sale of common stock. Company B agreed to pay a $4,000 cash dividend each year. Both companies are in a 30% tax bracket. Which company would show the greater retained earnings at the end of Year 1, and by what amount?
A. Company A's retained earnings would be higher by $1,200. B. Company B's retained earnings would be higher by $2,800. C. Company A's retained earnings would be higher by $4,000. D. Both would show the same retained earnings.