Leaders differ from managers in that:
What will be an ideal response?
Ans: Leaders are concerned with expanding people's choices and options, whereas managers are concerned with control and limiting the choices of others.
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Tropical Co declared a cash dividend of $30,000 . The entry includes a(n)
a. decrease to Cash of $30,000. b. increase to Retained Earnings of $30,000. c. decrease to Retained Earnings of $30,000. d. decrease to Cash Dividend Payable of $30,000.
All of the following are concepts used in a just-in-time inventory management system except
A. supplies arrive just as they are needed. B. safety stock is kept to reduce stockouts. C. much waste is eliminated. D. purchases are made in small quantities. E. purchases are made frequently.
Meers Products, Inc., has a Detector Division that manufactures and sells a number of products, including a standard detector that could be used by another division in the company, the Commercial Security Division, in one of its products. Data concerning that detector appear below: Capacity in units 43,000Selling price to outside customers$98Variable cost per unit$39Fixed cost per unit (based on capacity)$40?The Commercial Security Division is currently purchasing 7,000 of these detectors per year from an overseas supplier at a cost of $93 per detector.?Assume that the Valve Division is selling all of the valves it can produce to outside customers. From the standpoint of the Valve Division, what is the lost contribution margin if the valves are transferred internally rather than
sold to outside customers? A. $469,000 B. $413,000 C. $133,000 D. $2,537,000
Before a company's competitive advantage moves into the decline stage, it should
A. invest resources to develop a competitive advantage. B. continue deploying the competitive advantage as long as it can. C. slow the decline as much as possible. D. implement previously developed plans for the hidden curves.