Answer the following statements true (T) or false (F)
1. The way in which the leader designs the organizational systems and procedures tells people in the organization what is valued.
2. The most important influence on a successful hospitality organization’s culture is the front-line employees.
3. Culture is dynamic and constantly changing, unless an organization is centuries old.
4. Giving the executive chef a big office can affect the overall organizational culture.
1. True
2. False
3. False
4. True
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The natural business year is a fiscal year that starts and ends at the time the stock of merchandise is normally at its lowest level
a. True b. False Indicate whether the statement is true or false
Offensive strategic market plans are strategies that ________
A) have a 1-year time horizon B) are ineffective at growing sales revenue C) reduce the long-run share position D) limit short-run profit performance E) result in short-term profits without any additional investment
If the auditor wants to obtain evidence as to whether the dividend payment was made to the stockholders who owned the stock as of the dividend record date, which of the following would the auditor do?
a. Recalculate the dividends per share. b. Examine the minutes of the board of directors meetings for authorization. c. Trace the payee's name on the canceled check to the dividend records. d. Determine that dividend restrictions are adequately disclosed in the financial statements.
The purpose of an interperiod income tax allocation is to
a. allow reporting entities to fully utilize tax losses carried forward from a previous year. b. allow reporting entities whose tax liabilities vary significantly from year to year to smooth payments to taxing agencies. c. recognize an asset or liability for the tax consequences of temporary differences that exist at the balance sheet date. d. amortize the deferred tax liability shown on the balance sheet.