A mission statement is used to set priorities, say no to requests outside of organization scope, and eliminate activities without impact.
a. True
b. False
a. True
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For which of the following transactions would the present value of an annuity due concept be most appropriate for calculating the present value of the asset acquired or liability assumed?
A) A rental agreement is entered into with the initial payment due immediately. B) A rental agreement is entered into with the initial payment due one month from the signing of the agreement. C) A note payable is obtained from a bank requiring monthly payments for six years, beginning at the end of the current month. D) A machine is acquired by paying $20,000 cash and agreeing to pay equal annual amounts of $10,000 each at the end of the next three years.
The Sarbanes-Oxley Act (SOX) was passed by Congress to
a. keep all managers from doing something illegal; b. require that all companies send reports to the government; c. improve reporting by public companies; d. give the Securities and Exchange Commission (SEC) legal rights; e. allow public accounting firms to provide management advising services
The _____ assumes that leaders adapt their behavior and style to fit the characteristics of the followers and the environment in which they work.
A. path-goal theory B. trait theory C. inspirational leadership theory D. two-factor theory
International Business English is the most common medium for _______________________ worldwide
a. news reporting b. political interaction c. education d. conducting business