I have observed my leader interacting with all of us followers by sharing funny stories and getting us to share what we are doing both in and outside of work, and the work atmosphere is usually quite fun and energetic. I am a little concerned that we are not meeting our sales goals and that the chief financial officer (CFO) is coming in later this week to address our poor performance. Using the main components of the behavioral leadership approach, describe what style your leader is using and what style she may use after the CFO meeting.
What will be an ideal response?
She is using a mostly country club 1, 9 style currently. Her interactions, fun, and enthusiasm that get the team interested in one another is a very high level of relationship orientation. Based on low results (not meeting sales goals), she will likely need to increase task-oriented behaviors in order to get better results. This is likely what will happen after the CFO meeting.
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A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.
A.
| Accounts Receivable | 12,000 | |
| Consulting Services Revenue | 12,000 |
B.
| Cash | 12,000 | |
| Consulting Services Revenue | 12,000 |
C.
| Accounts Payable | 12,000 | |
| Consulting Services Revenue | 12,000 |
D.
| Accounts Receivable | 12,000 | |
| Cash | 12,000 |
E.
| Consulting Services Revenue | 12,000 | |
| Cash | 12,000 |
Andrew just hired Pedro to be part of the financial team and requested that he be at the office at 7:30 a.m. on Monday for his first day. Andrew then e-mailed Pedro to remind him two times over the weekend. Andrew assumed that Pedro would be late because he is very young and Andrew believes that all young people are irresponsible and unorganized. Which type of perception bias is Andrew showing?
a. generalizing b. stereotyping c. “like me” assumption d. frame of reference
Which of the following combinations of success and failure related to modifying corporate core competencies is correct?
a. Blockbuster successful, Netflix successful b. Blockbuster successful, Netflix failure c. Blockbuster failure, Netflix successful d. Blockbuster failure, Netflix failure
Corporation A decides to borrow $1,000,000 and use the money to buy back $1,000,000 of its
common stock. The corporation pays 6% interest on its borrowed funds which exactly equals the amount of the dividend it used to pay on the common stock it repurchased. Therefore, A) Corporation A's net income will increase due to the tax deductibility of interest expense. B) Corporation A's gross profit will decrease. C) Corporation A will have no change in its operating income since the interest expense exactly offsets the prior dividend payment. D) Corporation A's operating income will decrease due to higher interest expense.