At a town hall meeting, the CEO of a company spoke energetically about adopting cost-cutting measures due to the recent economic slump. However, a few days later, the employees found out that the CEO had gone on an exotic vacation using funds from the company. Which of the following is true about this company?
A. Senior managers set a bad example, implying a lack of control.
B. Employees are unclear about what needs to be achieved.
C. Reviews are not held periodically.
D. The firm's expectations are not established in writing.
E. Key data are not measured and reported in a timely manner.
Answer: A
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An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46 federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; social security tax rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the net
amount to be paid the employee? A) $875.00 B) $838.62 C) $857.00 D) $1133.14
Stockholder investments always decrease equity.
Answer the following statement true (T) or false (F)
The economic term used to describe the Federal Reserve's actions to determine the size of the supply of money in the nation and the level of interest rates is
A. monetary policy. B. fiscal policy. C. debt policy. D. recovery technique. E. recovery guideline.
Worldwide purchases of EPEAT-registered products result in each of the following except
A) reduced use of primary materials. B) reduced use of toxic waste materials. C) avoiding the disposal of tons of hazardous waste. D) reduced staffing requirements.