All managers are responsible for coordinating activities and utilizing economic resources in order to achieve the goals of the business. What are these resources? Why is it important to manage these resources effectively? Which resource is the most important?
What will be an ideal response?
Discussions should identify: natural resources, capital resources (including the current assets and fixed capital), and labor resources. Perhaps the most important resource is labor, for without efficient labor, nothing happens with the other resources
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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30$5425?Deposits in transit at month-end$1940?Outstanding checks at month-end$590?Bank service charges$32?EFT automatically deducted monthly, not yet recorded by Maxi$520?An NSF check returned on a customer account$335?The adjusted cash balance per the books on January 31 is:
A. $5642 B. $5888 C. $5431 D. $4538 E. $6478
Kiki and Bethany are considering how to complete their project for class. They sit down together to discuss their ideas and brainstorm. Kiki wants to do a video presentation while Bethany thinks a classic paper would be best. After debating the two ideas, they decided to do a live presentation with a handout explaining the main points. Kiki and Bethany had ______.
A. relationship conflict B. structural conflict C. task conflict D. dysfunctional conflict
Which of the following describes how fact sheets should be organized?
A) most interesting facts last B) most interesting facts first C) numerical facts grouped together D) questions and answers at the end E) contact information provided in the middle
Several people play an essential part in setting standards. Which of the following is incorrect as to setting standards?
A) Accountants expresses judgement in dollars and cents. B) Engineers identify material, labor, and machine requirements. C) Human resource managers provide personnel information. D) Quality managers provide quality measures that will be used to evaluate rejects.