As a new manager, you are delighted with your new job (and higher pay), but now it's time for the annual performance appraisals of the staff you supervise. Worse, you have been directed to downsize your department by 10%. Many of your colleagues have offered you advice as to how to proceed. Among the following, which would NOT be good advice?
a. use a forced distribution method of performance appraisal, which will help you achieve a 10% cut in department staff easily, and avoid legal claims
b. as you conduct the performance appraisals, speak gruffly to each employee, in order to prepare them for possible termination
c. make clear that no matter how well they have done their jobs, it is no guarantee that they will survive the cut; don't allow or answer any questions
d. none of these would be good advice
e. all of these would be good advice
D
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Suppose a State of North Carolina bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?
A. $585.43 B. $614.70 C. $645.44 D. $677.71 E. $711.59
Prepare the operating activities section of the statement of cash flows.
Dakota Telescopes Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:
Additional information provided by the company includes the following:
Current assets other than cash decreased by $25,000.
Current liabilities increased by $3,000.
Which of the following accommodations might be necessary when you want to persuade people from different cultures?
A) Accommodating a different decision-making process B) Accommodating a different set of priorities C) Accommodating a different view of necessities D) Accommodating a different view of desires E) Accommodating a different view of price
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations under the indirect method depends on the nature of its operations. Capital-intensive firms will likely show a substantial
a. addback to net income for depreciation expense. b. subtraction from net income for depreciation expense. c. addback to net income for capital expenditures. d. subtraction from net income for capital expenditures. e. subtraction from retained earnings for depreciation expense.