Which of the following is a result of controlling?
A. Managers analyze current situations, anticipate the future, determine objectives, and decide on what types of activities in which the company will engage.
B. Managers create an organization chart by identifying business functions and establishing reporting relationships.
C. Managers assemble and coordinate the human, financial, physical, informational, and other resources needed to achieve goals.
D. Managers motivate workers to come to work and execute top management's plans by doing their jobs.
E. Managers make sure the organization's resources are being used as planned and that the organization is meeting its goals for quality and safety.
Answer: E
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Verity Siding Company, owned by S. Verity, began operations in May and completed the following transactions during that first month of operations. Show the effects of the transactions on the accounts of the accounting equation by recording increases and decreases in the appropriate columns in the table below. Do not determine new account balances after each transaction. Determine the final total for each account and verify that the equation is in balance.May 1S. Verity invested $90,000 cash in the company.?2The company purchased $25,000 in office equipment. It paid $10,000 in cash and signed a note payable promising to pay the $15,000 over the next three years.?2The company rented office space and paid $3,000 for the May rent.?6The company installed new vinyl siding for a customer
and immediately collected $5,000.?7The company paid a supplier $2,000 for siding materials used on the May 6 job.?8The company purchased a $2,500 copy machine for office use on credit.?9The company completed work for additional customers on credit in the amount of $16,000.?15The company paid its employees' salaries $2,300 for the first half of the month.?17The company installed new siding for a customer and immediately collected $2,400.?20The company received $10,000 in payments from the customers billed on May 9.?28The company paid $1,500 on the copy machine purchased on May 8. It will pay the remaining balance in June.?31The company paid its employees' salaries $2,400 for the second half of the month.?31The company paid a supplier $5,300 for siding materials used on the remaining jobs completed during May.?31The company paid $450 for this month's utility bill.VERITY SIDING CO.???????????Assets =Liabilities + EquityDate?Accounts?AccountsNotesS. VerityS. Verity??MayCashReceivableEquipmentPayablePayableCapitalWithdrawalsRevenuesExpenses1?????????2?????????2?????????6?????????7?????????8?????????9?????????15?????????17?????????20?????????28?????????31?????????31?????????31?????????? $ - $ - $ - $ - $ - $ - $ - $ - $ - What will be an ideal response?
The S-C-P concept enables a firm to do what?
a. Identify opportunities for a business, especially if it is planning to enter into an industry as a new player b. Help determine if an industry is attractive enough to remain competing in c. Gain competitive advantage by differentiating its products or services d. All of the above
Groupthink takes place because group members
A) dislike individual problem solving. B) strive extra hard to achieve consensus. C) attempt to avoid conformity. D) have feelings of inferiority.
Which of the following is a component of systematic risk??
A. ?Business risk B. ?Financial risk C. ?Default risk D. ?Liquidity risk E. ?Stand-alone risk