Managers can deliberately set challenging performance targets at levels high enough to promote outstanding company performance by establishing
A. a specifically detailed and integrated model of operating policies, practices, and procedures.
B. financial objectives that drive standardization of cost-efficiency and unify stringent operating specifications.
C. stretch objectives that challenge the organization to deliver stretch gains in performance.
D. why the company does certain things in trying to please its customers.
E. mainstay objectives that although are easily attainable, and the company is obligated to meet, they are designed to spur motivation in the workforce.
Answer: C
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An exception to the traditional no-liability rule is that the landlord has the duty:
A. to get the property in as good a condition as it was when leased. B. to use reasonable care in performing repairs. C. to ask the tenant to maintain common areas. D. not to commit waste on the property.
On October 1, 2018, North Co. invested excess cash of $80,000 by purchasing bonds of South Inc. At year-end, December 31, 2018, the market price of the bonds was $77,000. The investment is categorized as a trading debt investment. Journalize the adjusting entry needed at December 31, 2018. Omit explanation.
What will be an ideal response?
A company enters into a futures contract with the intent of hedging an expected purchase of some equipment from a German company for DM350,000 on December 31 . The contract requires that if the U.S. dollar value of DM700,000 is greater than $350,000 on December 31 . the company will receive the difference. Alternatively, if the U.S. dollar value is less than $350,000, the company will pay the
difference. Which of the following statements is correct regarding this contract? a. The Deutsche mark futures contract effectively hedges against the effect of exchange rate changes on the U.S. dollar value of the Deutsche mark commitment. b. The futures contract exceeds the amount of the commitment and thus hedges movements in the Deutsche mark exchange rate. c. The futures contract is a contract to sell Deutsche marks at a fixed price. d. The extra DM350,000 would be accounted for as a speculative investment.
Choose the correct word or words in parentheses. I was impressed with Mr, James, our business services manager, who is (soft spoken, soft-spoken), but firm