Alex has decided to lead his followers by sharing responsibility with the group, which causes members to share the responsibility, and strive to complete their common goals. Alex is demonstrating
a. Transformational leadership
b. Shared leadership
c. Empowering leadership
d. Self-leadership
b. Shared leadership
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Publicly held corporations must file annual reports with the SEC. All such reports are available
A) only to the SEC, the company's owners and management, and the company's auditors. B) only to other SEC companies and the issuing company's owners and management. C) only to the SEC, the company's management, and the company's auditors. D) to the general public.
Temporary accounts are for recording
a. revenues and expenses. b. assets. c. liabilities. d. shareholders' equity. e. assets, liabilities, and shareholders' equity.
The dividend payout ratio is equal to the current earnings per share divided by the dividend per share
Indicate whether the statement is true or false
A useful guideline in designing strategy-facilitating policies and operating procedures is
A. to prescribe enough policies and procedures that little is left to chance in performing value chain activities, and employees should have no leeway to do things in a manner that deviates from the company's best-practices standard. B. to prescribe enough policies to give organizational members clear direction in implementing strategy and to place reasonable boundaries on their actions. This then empowers them to act within these boundaries in pursuit of company goals. C. that strictly enforced policies work better than loosely enforced policies. D. that more policies/procedures work better than fewer policies/procedures, and that strict enforcement always beats lax enforcement. E. to let individuals act in an empowered and self-directed way, subject only to the constraint that their actions and behavior be ethical and in step with the corporate culture.