Which of the following items is not a management concept that was created to improve companies' performances?
A) Just-in-time manufacturing.
B) GAAP constraints and guidelines.
C) Total quality management.
D) Continuous improvement.
E) Customer orientation.
B) GAAP constraints and guidelines.
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Jack's Jungle Fun, Inc is a manufacturer of children's outdoor play equipment. The factory foreman determines when orders for materials are necessary. The orders are sent to the purchasing department that places orders with the vendors recommended by
the factory foreman. When the materials are received, they are delivered directly to a central storeroom without counting what has been received. When invoices are received for the materials purchased, they are sent to the accounting department for payment. The accounting department compares the invoices with purchase orders. If the two documents are in agreement, the invoice is approved for payment. The accounting department prepares the checks that are signed by the company treasurer. Recommend improvements in the company's procedures for purchasing and paying for purchases of materials that will provide better internal control over purchases and payment for those purchases.
Answer the following statements true (T) or false (F)
1. You must be a manager to have power. 2. It is possible to increase power without taking power away from others. 3. Power and politics are not really related. 4. Politics is a medium of exchange in an organization.
There are many threats to information security. Please describe five information security threats.
What will be an ideal response?
Rebecca owes Ian $5,000. Ian needs money in a hurry so he assigns his right to collect from
Rebecca to Janet for $4,500. Several days later, Ian assigns his right to collect from Rebecca to Kristin for another $4,500. Ian then leaves town. Kristin is the first to notify Rebecca of the assignment. In the majority of states, which of the following best describes this situation? A) Rebecca need pay only Janet, since Janet was the first to receive the assignment. B) Rebecca must pay both Janet and Kristin, since a valid assignment was made to each. C) Rebecca need pay only Ian, since debts are not assignable. D) Rebecca need pay only Kristin, since Kristin was the first to give notice to Rebecca.