Edwin Ghiselli identified six traits as being important for effective leadership. Which of the following best describes supervisory ability?
A. Having good reasoning and thinking capacity
B. Making difficult decisions without undue hesitation
C. Being a self-starter
D. Getting the job done through others
Answer: D
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Participative management allows employees at any level of the organization to do what?
A) Solve long-term problems B) Allow long-term problem solving teams to flourish C) Allow effective virtual teams D) Increase effectiveness of new member orientation E) Create job security
On November 1, 2018, Nada, Inc. declared a dividend of $5.00 per share on common stock. Nada, Inc. has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2018. Which of the following is the journal entry needed on November 30, 2018?
A) Debit Cash Dividends $100,000, and credit Dividends Payable—Common $100,000. B) Debit Dividends Payable—Common $100,000, and credit Cash $100,000. C) Debit Cash $100,000, and credit Dividends Payable—Common $100,000. D) Debit Cash Dividends $100,000, and credit Cash $100,000.
A company's ability to attract and hold investment capital ultimately depends on its
A) budgeting. B) planning. C) liquidity. D) profitability.
Which of the following events would not require a year-end adjusting entry?
A. Purchasing supplies for cash during the year. B. Providing services on account during the year. C. Paying for one year's rent during the year. D. Each of these events would require a year-end adjusting entry.