Cascading is essential to promoting consistency in goals. Which three criteria must be met for goal cascading to be successful? Describe and explain each criterion.
What will be an ideal response?
First, top management must be committed to the goals. Second, the goals must be applied throughout the organization; it cannot be selectively applied to just some divisions or departments. Third, goals must cascade. That is, they must start at the top of the organization and then flow downward through division, department, and individual goals. When cascading is successful, individual employees understand how their work contributes to overall corporate success.
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Bing's Export Co purchased a new delivery truck at the beginning of 2015 . The truck has a cost of $37,000, an estimated life of 5 years, and an estimated residual value of $7,000 . A full year's depreciation expense is to be recorded in 2015 . The truck was driven 20,000 miles during 2015 and 24,000 miles during 2016 . The number of expected miles over five years is 100,000. Refer to information
for Bing's Export Co By what amount would double-declining-balance depreciation exceed straight-line depreciation over the 5-year life of the truck? a. The salvage value of $7,000. b. Cost less total depreciation. c. Cost plus total depreciation. d. Total depreciation expenses under double-declining-balance and straight-line depreciation are equal.
Why has there recently been renewed interest in corporate governance? How can it be improved?
What will be an ideal response?
One theory that is useful states that the forward premium or discount should be equal and opposite
in sign to the difference in the national interest rates for securities of the same maturity. This theory is known as A) the forward rate theory. B) the interest rate parity theory. C) the covered interest arbitrage theory. D) the exchange rate theory.
For about five years, Lucy and Betty have been working for Bright Fires at the same level of management and doing similar kinds of work. Lucy has been focusing on setting specific and difficult goals for herself and believes that exerting a high level of effort will result in the successful performance in her job. On the other hand, Betty compares herself to different managers, such as Meg, who works for the competitor in a similar work position. Betty feels disheartened when she finds out that she is significantly underrewarded at Bright Fires. From Betty's view in this situation, Lucy is a(n)
A. external comparison. B. valence generator. C. cognitive distorter. D. empowerment evaluator. E. internal comparison.