A gym offers one-year memberships for $99 and requires customers to pay the full amount of cash at the beginning of the membership period. For the gym, this is an example of a(n):
A. Prepaid expense.
B. Accrued expense.
C. Deferred revenue.
D. Accrued revenue.
Answer: C
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Answer the following statements true (T) or false (F)
1. There is no best leadership style; leadership style needs to fit the type of employee being managed. 2. Ethical leadership means trying not to discipline or fire employees. 3. When a manager’s position changes and her title changes from “department head” to “vice president,” she has increased in legitimate power. 4. Ethical behavior in a manager’s private life is mostly irrelevant to employees’ view of him or her as an ethical manager. 5. If an employee has an ethical leader, it has been shown that she is more likely to exhibit moral courage.
In expectancy theory, ______ refers to the value a person places on the outcome or reward, because not all people value the same reward.
A. rate B. instrumentality C. valence D. equity
Prepaid Insurance is an expense account
Indicate whether the statement is true or false
________ power can take the form of sharing important product knowledge.
A. Coercive B. Reward C. Expert D. Referent E. Legitimate