Despite waves of downsizing and layoffs in the early 21st century, most employees still trust their organizations and supervisors

Indicate whether the statement is true or false


FALSE

Business

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Anthony, a human resource executive for Beta Equipment, is preparing a recommendation to the company's executives that the company develop a program of succession planning. The company has been growing rapidly, so he anticipates some resistance to the time required for careful planning. Which statement would best support Anthony's idea for succession planning?

A. Succession planning will be needed only temporarily, because the workforce has been aging. B. Succession planning forces Beta Equipment's managers to conduct performance appraisals of all employees. C. Beta Equipment is able to grow in spite of having fewer middle managers than it did 30 years ago. D. Succession planning enables Beta Equipment to promote managers whether or not they are ready. E. Succession planning ensures that Beta Equipment is ready with candidates if a key position becomes vacant.

Business

With the periodic inventory system, cost of goods available for sale must be calculated after cost of goods sold

Indicate whether the statement is true or false

Business

An organization following a ______ strategy will be most interested in minimizing all internal costs, including employee costs. Such an organization will be concerned with maximum efficiency and effectiveness.

A. differentiator B. generic cost leadership C. niche D. vision

Business

The ending finished goods budget supplies information needed for the:

A) sales budget. B) cash budget. C) budgeted income statement. D) cost of goods sold budget. E) all of these.

Business