Four principal types of corruption are discussed. Name all four and explain at least two
Corruption involves an executive, manager, or employee of a business working in collusion with an outsider. The four principal types of corruption are:
Bribery involves giving, offering, soliciting, or receiving things of value to influence an official in the performance of his or her lawful duties.
An illegal gratuity involves giving. receiving, offering, or soliciting something of value because of an official act that has been taken.
A conflict of interest occurs when an employee acts on behalf of a third party during the discharge of his or her duties or has self-interest in the activity being performed.
Economic extortion is the use (or threat) of force (including economic sanctions) by an individual or organization to obtain something of value.
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In situational management, a(n) ______ style is highly directive and low in supportiveness.
A. autocratic B. participative C. consultative D. empowering
A new generation of lunch trucks in cities such as New York, San Francisco, and Los Angeles serving high-end fare such as hamburgers made from grass-fed cattle, escargot, and crème brulee illustrate the focus cost leadership strategy.
Indicate whether the statement is true or false.
Trina makes handmade leis in Hawaii which she sells to local tourists. She anticipates August to be a busy month with the sale of 500 leis. She has prepared the following static budget for August: Sales revenue (500 units) $5,000 Variable costs: Direct materials 1,000 Direct labor 1,000 Overhead 375 Fixed costs 200 Net operating income $2,425 During August, Trina actually produced and sold 400
leis. What should be Trina's net operating income in August based on a flexible budget? A) $1,940 B) $1,825 C) $1,425 D) $1,900
Persuasion is an emotional form of communication that others must be ready to receive. _________________________
Answer the following statement true (T) or false (F)