Renata needs to fill a position in her department. Her goal is to promote from within, and she wants to identify an employee whose actual performance is exemplary and who also exhibits the characteristics that show strong potential and indicate that this position would be a good fit. What tool should she use?
A. Glass ceiling audit
B. Replacement chart
C. Nine-box grid
D. Interest inventory
Answer: C
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Which of the following contains period costs?
A) Work in Process Inventory B) Finished Goods Inventory C) Cost of Goods Sold D) Selling and administrative expenses
Which of the following correctly expresses an important difference between a condition precedent and a condition subsequent?
A) The occurrence of a condition precedent keeps a contract alive, whereas the occurrence of a condition subsequent terminates the contract. B) The contract is discharged if the condition precedent occurs, whereas the parties must be given time to "cure" if the condition subsequent occurs. C) A condition precedent occurs before the parties reach an agreement, whereas a condition subsequent happens after the parties reach an agreement. D) A condition precedent is governed by the Uniform Commercial Code (UCC), whereas a condition subsequent is governed by the Uniform Computer Information Transaction Act (UCITA).
According to integrative social contracts theory, the ethical standards a company should try to uphold
A. should never be absolute but rather always provide some wiggle room according to the circumstances of the situation. B. are governed both by (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on actions and behavior in all situations and (2) the circumstances of local cultures, traditions, and shared values that further prescribe what constitutes ethically permissible behavior and what does not-but universal norms always take precedence over local ethical norms. C. are governed by the school of ethical universalism. D. should be determined by the company's board of directors. E. are governed by each country's Code of Required Ethical Conduct, which sets forth that each individual/group/business/organization has a "social contract" to observe the ethical and moral standards that the country has adopted.
Edward, an attorney, allows a statute of limitations to lapse on a claim by Fabrication Company, a client. Edward
a. can be held liable for malpractice. b. has violated an ethical standard but cannot be held liable. c. is subject to criminal penalties under the statute of limitations. d. will be automatically disbarred.