Answer the following statements true (T) or false (F)
1. Managers are most dependent on employees to let them know about unethical
behavior occurring in their company or department.
2. The False Claims Act provides protection and assistance to whistleblowers, but it
does not provide financial compensation.
3. Without frequent interaction with subordinates, it is difficult for a manager to cultivate approachability.
4. Privacy and confidentiality are key components of a managerial open-door policy.
5. When a direct manager is not ethically approachable, an employee with an ethical issue should always contact a third-party ethics enforcement line or organization.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
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Repeat the Spuds and Suds Income Statement example from Chapter 7 with the following assumptions: price per unit and fixed costs are expected to increase by an average annual rate of inflation of 2%. Also assume that variable costs as a percent of sales will remain constant at 65%. Finally, suppose that Spuds and Suds is a firm in the early stage of business, and that unit sales are projected to grow at a rate of 20%, 15%, 10% and 5% for 2018-2021 respectively.
a) Create an income statement using the assumptions explained above. b) Calculate the operating break-even point in both units and dollars. c) How many units would Spuds and Suds need to sell in order to achieve earnings, before interest and taxes of $900,000? d) Calculate the degree of operating, financial, and combined leverage for each year. e) Create a chart that shows how the various leverage measures have changed over this five-year period.
In ________, a performance evaluation system, managers rank employees relative to one another.
A. forced ranking B. the MBO process C. 360-degree feedback D. BARS E. an employee evaluation
Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a A) partnership
B) close corporation. C) limited liability company. D) professional corporation.
With regard to communication processes, perceptions
A. affect the encoding and decoding of messages but do not influence choice of medium. B. affect the choice of medium but not the encoding and decoding of messages. C. are inherently objective and help senders personalize messages. D. can contribute to the effectiveness of communication if they are accurate. E. are based on stereotypes and not a sender's mood or attitude.