Describe the major advantages and disadvantages of internal recruiting.
What will be an ideal response?
The major advantages of internal recruiting include increases in organizational commitment and job satisfaction, the ability to learn more about the “big picture” in the company, the fact that the individual feels comfortable working for the company, the fact that the company knows the individual and that person’s work history, lower recruiting costs, and a relatively speedy process compared to external recruiting. Disadvantages include the facts that the pool of applicants is smaller, you will have to fill the old job of the person you hire, success in one job doesn’t necessarily mean success in a different job, external candidates may be more qualified, internal candidates may feel that they are entitled to the job, and we may perpetuate resistance to change and stifle innovation and creativity.
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To establish ownership of a written, recorded, performed, or filmed creative work, it is necessary to apply for and be granted a patent
Indicate whether the statement is true or false
An internal transfer between two divisions is in the best economic interests of the entire organization when:
A. there is excess capacity in the buying division with no alternative use. B. the variable costs plus the opportunity cost of the selling division is greater than the external price for the buying division. C. the variable costs plus the opportunity cost of the selling division is less than the external price for the buying division. D. there is no established market price for the buying division.
You are scheduled to receive $10,000 in one year. What will be the effect of an increase in the interest rate on the present value of this cash flow?
A) It will cause the present value to fall. B) It will cause the present value to rise. C) It will have no effect on the present value. D) The effect cannot be determined with the information provided.
In the decision to extend credit, the analysis of bad debt expense applies only to existing customers.?
Answer the following statement true (T) or false (F)