Answer the following statement(s) true (T) or false (F)
1. Servant leadership can be effective in any organizational context.
2. Follower receptivity is an outcome of servant leadership.
3. Antecedent conditions refer to the societal trends that enable servant leadership to be effective.
4. The first step in becoming a servant leader is to aspire to lead.
5. Servant leadership can enhance group performance by clarifying goals and increasing team potency.
1. False
2. False
3. False
4. False
5. True
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A company had a tractor destroyed by fire. The tractor originally cost $136,000 with accumulated depreciation of $69,900. The proceeds from the insurance company were $31,000. The company should recognize:
A. A gain of $31,000. B. A loss of $66,100. C. A loss of $35,100. D. A gain of $66,100. E. A gain of $35,100.
Under a pay-for-performance compensation strategy, salespeople are paid based on the ________
A) number of new customers they secure B) product knowledge they exhibit C) quality of their relationships with major customers D) amount of sales or profits they deliver E) number of sales calls they make
A company sold $12,000 worth of bicycles with an extended warranty. The company's experience is that warranty expense averages 2% of sales. The current period's entry to record the warranty expense is:
A. Debit Sales Allowances $240; credit Estimated Warranty Liability $240. B. Debit Warranty Expense $240; credit Cash $240. C. Debit Estimated Warranty Liability $240; credit Cash $240. D. Debit Prepaid Warranties $240; credit Warranty Expense $240. E. Debit Warranty Expense $240; credit Estimated Warranty Liability $240.
Sam's car was badly damaged after it accidentally caught fire. When he finds out that it cannot be repaired, he realizes that he has to buy a new car. Which stage of the consumer decision-making process does this represent?
a. Information search b. Postpurchase behavior c. Evaluation of alternatives d. Need recognition