Which is true about managers?
A. Being a good manager means having answers available right away; staff will then learn to respect and trust the manager.
B. A good manager understands that they must motivate their staff to ensure that the staff performs to the best of their abilities.
C. Delegating is particularly difficult for people with strong technical skills, but delegating will enable managers to learn management skills.
D. Management must ensure that staff understands the specifics of their job, not necessarily why things are done the way they are
Answer: C
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When a company exchanges machinery and receives a trade-in allowance less than the book value, this transactionwould be recorded with which of the following entry?
a. debit Cash and Machinery; credit Accumulated Depreciation and Machinery b. debit Machinery, Accumulated Depreciation, and Loss on Exchange of Machinery; credit Machinery andCash c. debit Cash and Machinery; credit Accumulated Depreciation d. debit Machinery and Accumulated Depreciation; credit Machinery and Cash
To truly know channels of distribution, a salesperson should know:
A. when the channel member began operation. B. what product lines the channel member stock. C. the names of all the channel member's employees. D. the financial history of each channel member. E. the number of competitors the channel members have.
The form of power that comes with a person’s position in the hierarchy is known as ______.
A. personal power B. position power C. legitimate power D. reward power
The bond indenture may provide that funds for the payment of bonds at maturity be accumulated over the life of the issue. The amounts set aside are kept separate from other assets in a special fund called a(n)
A) enterprise fund B) sinking fund C) special assessments fund D) general fund