Answer the following statement(s) true (T) or false (F)
1. With enough online resources to access most corners of the world, almost anybody can be a leader, with or without formal authority, given the right skills and a strong initiative.
2. Informal leaders must act in the best interests of the organization and have certain rights and privileges that allow them to reward or discipline employees.
3. Management and leadership mean the same thing.
4. One could argue that Steve Jobs was a visionary type of leader.
5. Trait leadership perspective theory assumes effective leaders are born, not made.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
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Only one copy of the prelist should be prepared when an employee opens mail with customer payments to avoid complexity in the accounting system and maintain control
a. True b. False Indicate whether the statement is true or false
Which of the following is true about investing to protect position in growth markets?
A) Protecting a share leadership position in a growth market requires a much lower investment in new products than would be required in a mature market. B) Growing markets are inherently prone to inducing share loss. C) The faster a market is growing, the lower the investment a company must make in marketing resources to protect share from new and existing competitors. D) There is a direct relationship between market share change and size of market share. E) The effects of market growth on market share change remain the same across industries.
Which of the following items is treated as a cash equivalent?
a. Commercial paper with a 6-month maturity when purchased and 4 months until maturity at the balance sheet date. b. Investment in corporate stocks which management intends to sell within 3 months after the balance sheet date. c. Money market funds which can be obtained overnight from a bank or brokerage firm. d. Investments in corporate bonds which have 5 years until maturity when they are purchased.
The value proposition is stated in the price of a product and readily recognized by the average consumer
Indicate whether the statement is true or false