Consider the case of a business that has had a very profitable year and earned a million dollars in profits. Can it distribute a million dollars to its owners (via dividends)?
A) Yes, definitely
B) Maybe, maybe not
C) Definitely not
D) It can certainly distribute over a million dollars.
Answer: B
Explanation: B) Maybe, maybe not. It could distribute a million dollars if it had a million dollars of cash at the end of the year. However, it may have reinvested the million dollars in inventory, or paid off some debts of the business, leaving its cash account balance near zero. In that case, it cannot pay out a million dollars to the owners.
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The internal elements of a work system that must be considered to achieve horizontal fit include all of the following EXCEPT
A. HR practices. B. leadership. C. technologies. D. moral testing.
ABC operates a factory in the United Kingdom. Because the company’s existing factory doesn’t have the capacity to meet the future demands, it is considering various options. Consider the payoff matrix that shows the payoff for each combination of decision and state of nature. Determine the best alternative using the minimax regret criterion.
a. Expand current facility.
b. Build small factory.
c. Build large factory.
d. Determine a new alternative.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 50 hr for the first widget. Acme estimates it has a 97% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 56th widget.
A. 31.05 hr B. 41.90 hr C. 18.96 hr D. 42.87 hr
The New Human Resources Manager (Scenario)Steve is hired as the manager of the human resources department of a local manufacturing company which is desperately trying to improve its fortunes. This company is unable to retain good employees, who treat it as a stepping stone until they find better opportunities. Employee turnover is high and morale is low. Steve is determined to change the situation and turn the organization's human resources into a competitive advantage and source of pride for the firm.Steve recommends that employees should be compensated according to their competencies, rather than their designations. Employees should be financially rewarded when they gain more knowledge and learn new processes that are relevant to the job, even if the employee is at a lower level. This
implies that Steve favors a ________. A. variable pay system B. fixed pay system C. profit-based pay system D. skill-based pay system