Danielle, Malik, and Ricardo were discussing their managers' decision-making styles. Danielle said, "My boss is very autocratic. She makes all the decisions, and I'm a bit scared of her. Our financial performance is fine but could be better." Malik stated, "My boss is the opposite; she is always democratic. She always involves all of us in discussion and decision making, and morale is good. But I think our financial performance should be better." Ricardo concluded, "My boss takes a very laissez-faire approach. He makes no decisions. In our business unit,
A. behaviors are not appropriate, but financial performance is good."
B. morale and attitudes are poor, and financial performance is poor."
C. morale and attitudes are poor, but financial performance is good."
D. morale and attitudes are good, but financial performance is poor ."
E. behaviors are appropriate, and financial performance is good."
Answer: B
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Basil Corporation issues for cash $1,000,000 of 8%, 10-year bonds, interest payable annually, at a time when themarket rate of interest is 7%. The straight-line method is adopted for the amortization of bond discount orpremium. Which of the following statements is true?
a. The carrying amount increases from its amount at issuance date to $1,000,000 at maturity. b. The carrying amount decreases from its amount at issuance date to $1,000,000 at maturity. c. The amount of annual interest paid to bondholders increases over the 10-year life of the bonds. d. The amount of annual interest expense decreases as the bonds approach maturity.
The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. All documents attached to an invoice approval form are canceled before a check is signed
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
With regard to the go-to-market strategy component of the venture concept reality check it is important to uncover which of the following?
a. Discover the target customer’s frequency of purchase b. Find out the target customer’s preferred place of purchase c. Find out the target customer’s preferred information channel d. All the above
If property that is located in a state becomes the subject matter of a lawsuit, the power of a court in that state to resolve disputes concerning the property is called:
a. venue b. territorial jurisdiction c. in personam jurisdiction d. removal jurisdiction e. none of the other choices are correct