Situational leadership generally represents a ______.
a. reactive, short-term approach to effective leadership
b. long-term approach to effective leadership
c. leadership approach oriented to change
d. leader-focused approach to leadership
a. reactive, short-term approach to effective leadership
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Sharon made a $60,000 interest-free loan to her son, Todd, who used the money to start a new business. Todd’s only sources of income were $25,000 from the business and $490 of interest on his checking account. The relevant Federal interest rate was 5%. Based on this information:
A. Todd’s business net profit will be reduced by $3,000 (0.05 × $60,000) of interest expense. B. Sharon must recognize $3,000 (0.05 × $60,000) of imputed interest income on the below-market loan. C. Todd’s gross income must be increased by the $3,000 (0.05 × $60,000) imputed interest income on the below-market loan. D. Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense. E. None of these is correct.
Ashlyn focuses her energy at her car manufacturing company on assessing market fluctuations and shaping the goals of the organization for the future. She communicates well with her staff and enjoys the social aspect of work with the people around her. She leaves the details and daily operations primarily to other capable staff in the organization. Applying Katz’s skills model, at what level of management is Ashlyn?
A. top management B. middle management C. supervisory management D. low-level management
An advantage of a process layout includes ______.
A. the consistency in processing times from job to job B. the ease of scheduling workflows C. the ability to treat each order as a special case D. its high degree of efficiency
Assume that a special pricing order is accepted for 5600 sails at a sales price of $150 per unit. This special order requires both variable manufacturing and variable selling and administrative costs, as well as incremental fixed costs of $400,000. What will be the impact on operating income?
Saltwater Sail Makers manufactures sails for sailboats. The company has the capacity to produce 36,000 sails per year and is currently producing and selling 25,000 sails per year. The following information relates to current production:
A) Operating income decreases by $380,800.
B) Operating income decreases by $19,200.
C) Operating income increases by $380,800.
D) Operating income increases by $19,200.