Which of the following styles of management involves managers asking groups for recommended action before taking a decision?
A. Participative committee
B. Consultative management
C. Consensus decision making
D. Democratic management
Answer: A
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Logan Sales provides the following information:
Net credit sales: $790,000 Beginning net accounts receivable: $43,000 Ending net accounts receivable: $22,000 Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.) A) 18 times B) 24 times C) 36 times D) 34 times
If net income equals $60,000, and net sales equal $500,000, what is the profit margin?
a. 12% b. 1.20% c. 0.83% d. 8.33%
Which of the following financial statements summarizes the revenue generated and the expenses incurred by a firm during the accounting period?
A. Balance sheet B. Statement of cash flows C. Statement of retained earnings D. Income statement E. Proxy statement
The Maslow's need hierarchy is different from Alderfer's ERG theory in that
A. ERG theory states that various needs operate simultaneously. B. ERG theory reminds managers of the types of reinforcers that can be used to motivate people. C. ERG theory focuses on five levels of need. D. Maslow's hierarchy states that once a need is satisfied, it acts as a powerful motivator. E. Maslow's hierarchy has more scientific validity.