Describe why decision-making is important to leader effectiveness.
What will be an ideal response?
Examples should include managers who collect information and use analytical
techniques make decisions that are more effective and profitable. Decision-making is a
fundamental part of a leader’s job, and followers expect leaders to make the right
decisions. As a manager, you will likely be promoted on the basis of your track record for making decisions that positively impact the organization (reducing costs and
enhancing profitability, for example). Effective decision-making can make or break an
organization, and we have all heard the saying “the buck stops here,” which means that
leaders must own the decisions they make.
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If a company uses the direct write-off method of accounting for bad debts,
a. It is applying the matching principle. b. It will record bad debt expense only when an account is determined to be uncollectible. c. It will reduce the accounts receivable account at the end of the accounting period for estimated uncollectible accounts. d. It will report accounts receivable in the balance sheet at their net realizable value.
The company maintains its records of inventory on a perpetual basis using the last-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2019 using the lower-of-cost-or-market rule.
Delaware Retail Company had the following balances and transactions during 2019.
A) $2,490
B) $2,400
C) $1,800
D) $3,600
What is a "probable cause?"
a. The level of evidence usually required by a jury to arrive at a unanimous verdict in a criminal case. b. Series of written questions that specifically identify information needed from the opposing party. c. A written order in the name of the court, requiring a witness to submit to a deposition, give testimony at trial, or report to an administrative body. d. The level of evidence required for a reasonable person to believe that a crime has been committed and the accused committed it.
Concessions restrict the range of solution agreement options, but concessions broaden the bargaining range of the negotiations.
Answer the following statement true (T) or false (F)