The process of setting objectives and devising courses of action to achieve those objectives is termed ________.
A. planning
B. controlling
C. organizing
D. leading
Answer: A
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Another name for the realized real interest rate is the
A. securitized real interest rate. B. expected real interest rate. C. ex-post real interest rate. D. ex-ante real interest rate.
This question contains two parts; be sure to answer both. First, explain the conflict-handling styles a manager might adopt and the circumstances under which each style is appropriate. Next, imagine that you run a small diner that serves breakfast and lunch. A major company, with thousands of employees, has moved into the neighborhood. You need to open your diner two hours earlier each day (at 5 a.m. instead of 7 a.m.), but the staff is unwilling to come into work so early, and many have refused to do so. Which method would you use to manage the conflict? Explain the rationale for your solution.
What will be an ideal response?
Which of the following is a possible indication that fraud may be present?
a. An employee's spouse is diagnosed with Alzheimer's disease. b. An employee's lifestyle changes suddenly. c. An employee's spouse has a serious vehicle accident. d. An employee reports that another employee is a gambling addict.
Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking. An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards.