Which of the following statements is true of employees as stakeholders of an organization?
A) Employees are always aware of competitive alternatives and are therefore not subject to inequitable treatment.
B) Employees are voluntary stakeholders and have limited bargaining power.
C) Employees hold securities and lend financial resources to firms.
D) Employees are responsible for shaping the overall mission or goal and the strategy and structure of the organization.
B
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Unearned revenue is reported in the financial statements as:
A. An unearned revenue on the income statement. B. A financing activity on the statement of cash flows. C. A revenue on the balance sheet. D. An asset on the balance sheet. E. A liability on the balance sheet.
What is the purpose of using a round robin format in the work of the code-writing team?
a. It allows everyone to hear examples and decide on common themes. b. It allows management to hear of unethical behaviors in their company. c. It helps employees come clean about their worst impulses. d. It brings an international and broad cultural perspective to the resulting code of ethics.
A virtual organization is:
a. Slow in getting things done b. Based on just-in-time principles c. Distributed and loosely defined d. Only found on the Internet
A routine purchasing situation in which the purchaser is not looking for new information or at other suppliers is called a:
A. modified rebuy B. value buy C. synergistic buy D. straight rebuy E. make-or-buy