What are the disadvantages of owning a small business?
What will be an ideal response?
Answers will vary. Risk of failure of the business is a primary disadvantage of small business ownership. Limited potential, such as having a skill such as hair styling that likely cannot be grown into a big business, and limited ability to raise capital are disadvantages of small business ownership.
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Goldman Services hired a new clerk to keep custody of and maintain all the equipment in the equipment yard. The clerk has not yet been adequately trained on the maintenance needs of the equipment. Which internal control procedure needs strengthening?
A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents
Discuss why low-context cultures (like the U.S.) prefer linear organizational formats.
What will be an ideal response?
Which of the following is used when an observer wants to understand the cause of events that generated the ethical issue?
a. Analytical ethics b. Descriptive ethics c. Normative ethics d. Constructive ethics
Answer the following statement(s) true (T) or false (F)
1. Leadership development refers to developing individuals’ leadership skills, competencies, and overall leadership ability. In contrast, leader development refers to the development of social structures and processes that facilitate leadership effectiveness throughout the organization. 2. When Xerox went through some turbulent times with accounting scandals, falling stock prices, and even rumors of impending bankruptcy, Ursula Burns stayed with Xerox because she felt an obligation to help Xerox survive 3. According to a power perspective definition of leadership, leaders who follow this perspective never consult their followers about decisions. 4. According to the GLOBE study, assertiveness refers to the willingness and desire to freely express both positive and negative messages to others, as well as the willingness to express one’s feelings and thoughts to others.