Explain open-door policies and describe some of the problems associated with them.
What will be an ideal response?
The idea behind an open-door policy is that to facilitate communication and the free exchange of ideas, every manager's office door should be open to every employee. The policy is also an old standby method for settling employee complaints. In an organization that has such a policy, an employee is allowed to contact various managers above his or her immediate supervisor for various reasons, including grievances; the levels may extend as high as a vice president, president, or chief executive officer. The person who acts as "the court of last resort" is the HR director or a senior staff official.There are some problems associated with open-door policies, however. One is that some managers do not like to listen honestly to employee complaints. As an employee once told the authors of this text, "My manager has an open-door policy, but the door is only open one inch." Because of this, employees are often reluctant to approach managers with their problems. One way to make an open-door policy work better is to ensure employees with grievances first try to work out their problems with their immediate supervisors before contacting higher-up managers. This way, the chain of command isn't violated, and the supervisor of the employee who aired the grievance does not feel as if he or she was not given a chance to resolve the issue.
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The internal business perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations
Indicate whether the statement is true or false
What was the main argument of ARB 36?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.
A disadvantage of using the payback period to compare investment alternatives is that:
A. It cannot be used if a company records depreciation. B. It includes the time value of money. C. It cannot be used when cash flows are not uniform. D. It ignores cash flows beyond the payback period. E. It cannot be used to compare investments with different initial investments.
Linking followers with an organization's new direction, mission, and goals is easier if they're satisfied or unchallenged by the current situation.
Answer the following statement true (T) or false (F)