Explain why altruism is more important to leaders than followers.
What will be an ideal response?
By definition, leaders exercise influence on behalf of others. They can’t understand or
articulate the needs of followers unless they focus on the concerns of constituents. To succeed,
leaders may have to take risks and forego personal gain. Leaders intent on benefiting followers
will pursue organizational goals, rely on referent and expert power bases, and give power away.
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A project is accepted under the net present value method when
A) the net present value is zero or negative. B) the total amount of cash inflows exceeds the purchase price of the asset. C) the purchase price of the asset is less than the present value of net cash inflows. D) the present value of net cash inflows exceeds a predetermined minimum amount.
On June 8, Alton Co issued an $80,000, 6%, 120-day note payable on an overdue account payable to Seller Co Assume that the fiscal year of Alton Co ends June 30. Which of the following relationships is true?
A) Alton is the creditor and credits Accounts Receivable B) Seller is the creditor and debits Accounts Receivable C) Seller is the borrower and credits Accounts Payable D) Alton is the borrower and debits Accounts Payable
The job order costing system is used by service firms to determine revenues, expenses, and ultimately profit
Indicate whether the statement is true or false
The Foreign Corrupt Practices Act prohibits improper payments to influence foreign officials
Indicate whether the statement is true or false