A prestigious award for quality management in the United States is the?
a. Baldrige Quality Award
b. Lam Quality Award
c. Palmer Quality Award
d. Deming Quality Award
a. Baldrige Quality Award
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Assuming a 360-day year, when a $20,000, 90-day, 5% interest-bearing note payable matures, total payment will be
a. $21,000 b. $1,000 c. $20,250 d. $250
Under free trade, Canada would not enjoy any gains from trade with Sweden if Canada
a. trades at the Canadian rate of transformation. b. trades at Sweden's rate of transformation. c. specializes completely in the production of its export good. d. specializes partially in the production of its export good.
The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent accounts. In the blank next to each account, write the letter indicating to which category it belongs. a. Current assets e. Current liabilities b. Investments f. Long-term liabilities c. Plant and equipment g. Stockholders' equity d. Intangible assets h. Not on balance sheet _____
1. Accumulated Depreciation _____ 7. Trademark _____ 2. Revenues Received in Advance _____ 8. Notes Payable (in five years) _____ 3. Interest Expense _____ 9. Depreciation Expense _____ 4. Wages Payable _____ 10. Prepaid Interest _____ 5. Common Stock _____ 11. Land Held for Future Use _____ 6. Inventory Fill in the blank(s) with correct word
Elaborate on a situation where a leader could not use the rational decision-making process in practice, and why.
What will be an ideal response?