When representing the organization to stakeholders, what communication style is most important?
A) One that projects the company's public image
B) Direct
C) Indirect
D) One that best displays credentials and expertise
E) One that is performance based
Answer: A
Explanation: A) When you communicate with anyone outside your organization, it is more than a conversation between two individuals. You represent your company and therefore play a vital role in helping the company build and maintain positive relationships with all of its stakeholders. Most successful companies work hard to foster a specific public image, and your external communication efforts need to project that image. As part of this responsibility, the interests and preferred communication style of your company must take precedence over your own views and personal communication style.
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Personal liability coverage
A) protects you against the financial harm caused by the negligence of others. B) protects you only from financial damages for the bodily injury your negligence has caused others. C) protects you only from financial damages for the property loss your negligence has caused others. D) protects you against legally-obligated expenses for the bodily injury or property damage your negligence has caused others.
Regarding the sales budget, which of the following statements is incorrect?
A) The forecast of sales revenue is the cornerstone of the master budget. B) The level of sales affects expenses and almost all other elements of the master budget. C) The budgeted sales are carried from the sales budget to the balance sheet. D) Budgeted total sales for each product equal the sales price multiplied by the expected number of units sold.
The textbook states that companies can pursue an effective corporate social responsibility policy of either offense or defense. What does this mean? In your answer, provide detailed examples of both approaches.
What will be an ideal response?
Hanson Company had the following account balances for 2021: Dec. 31Jan. 1Inventory$56,000? $43,000? Accounts payable 56,000? 79,000? Hanson reported net income of $122,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows?
A. $142,000. B. $86,000. C. $96,000. D. $132,000.