How can a firm utilize and control an informal company grapevine?
What will be an ideal response?
Answer: Attempts to eliminate the grapevine are fruitless, but fortunately the manager does have some control over it. By maintaining open channels of communication and responding vigorously to inaccurate information, the manager can minimize the damage the grapevine can do. The grape-vine can actually be an asset. By learning who the key people in the grapevine are, for example, the manager can partially control the information they receive and use the grapevine to sound out employee reactions to new ideas, such as a change in human resource policies or benefit packages. The manager can also get valuable information from the grapevine and use it to improve decision making.
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The first step of the revenue recognition model is
A) to identify the contract with the customer. B) to identify the performance obligations to the customer. C) to recognize revenue when it is earned. D) to determine the transaction price.
The preparation of a statement of stockholders' equity makes which other financial statement unnecessary?
a. Income statement b. Statement of cash flows c. Statement of retained earnings d. Balance sheet
______ is the process of choosing the best-qualified applicant who was recruited for a given job.
A. Simulation B. Selection C. Negligent hire D. Validity
Medequip Inc. is a large firm involved in the highly competitive market of high-tech medical equipment. In this market, smaller firms that focus on research are constantly making new technological developments. Which of the following approaches would best serve the needs of Medequip?
A. acquisitions B. serial mergers C. mergers D. serial acquisitions