Which of the following of Likert’s four systems of management relates to managers using rewards occasionally, but also punishment, information flow is mostly downward, and most decisions are made at the highest levels?
a. System 1
b. System 2
c. System 3
d. System 4
c. System 3
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Use the incomplete stockholders' equity section of Wilmerding Company's balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized $ 700,000 Additional paid-in capital—common 160,000 Retained earnings ? Treasury stock (2,000 shares at cost) (16,000) Total stockholders' equity 974,000 What is the amount of Wilmerding's retained
earnings? a. $130,000 b. $98,000 c. $860,000 d. $114,000
The income statement of Hope Market, Inc reported a gain from the sale of land. How are the cash flow effects of this transaction reported on the statement of cash flows if the direct method is used to prepare the Operating Activities category?
a. The entire proceeds from the sale of the land are reported as an investing activity. b. The gain on the sale of land is reported in the Investing Activities category as a cash flow from the sale of land. c. The entire proceeds from the sale of the land are reported as an operating activity. d. The cash received from the sale of land is reported in the financing activity category as a cash flow from the sale of land.
What can happen when one or both parties do not think they got the best agreement possible, or who believe that they lost something in the deal?
What will be an ideal response?
What would a company using an activity-based management approach attempt to do in regard to activities that add value to the product and those that do not?