How can a leader create unified commitment on a team?
What will be an ideal response?
Using characteristics of team effectiveness (i.e., enabling structure, expert coaching, clear direction); creating a “collaborative climate”; and getting members to invest in the “clear, elevating goal”. The text also suggests that “team spirit can be developed by involving members in all aspects of the process.”
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Boswell, $40,000; Aikido, $60,000; Cooke, $55,000 . Partners share profits and losses as follows: Boswell, 20%; Aikido, 30%; and Cooke, 50%. If Cooke retired and withdrew
$65,000 in settlement of his equity and settlements are allocated according to capital interests, the amount entered in Aikido's capital account would be a a. $4,000 debit. b. $4,000 credit. c. $6,000 debit. d. $6,000 credit.
A merchandising business will earn an income before income taxes of exactly $0 when
a. net sales equals cost of goods sold. b. operating expenses equal net sales. c. gross margin equals operating expenses. d. cost of goods sold equals gross margin.
Unambiguous and easily understandable words help improve which aspect of writing?
A) Persuasiveness B) Clarity C) Conciseness D) Professionalism E) Content
Which type of purchase is most likely to be the result of joint decision-making?
A. children's toys B. breakfast cereal C. medicine D. home appliances E. groceries