According to businesspeople in the United States, which of the following is most likely to be the biggest benefit to stress in a business proposal?
A) Gain in status
B) Relationship with people
C) Benefit for the society
D) Profit
E) Gain in power
Answer: D
Explanation: D) In the United States, businesspeople are conditioned to think that profit and financial advantage are the biggest benefits to stress in a business proposal.
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Which of the following accounts are normally reported as noncurrent liabilities on a classified balance sheet?
a. Notes payable due in 5 years and bonds payable b. Interest payable and mortgage payable c. Income taxes payable and salaries payable d. Capital stock and accounts payable
Who is responsible for operating an enterprise?
a. The auditor. b. The audit committee. c. Management. d. The board of directors.
Which of the following best represents the core goal of ISO 26000?
a. emphasizing and applying human rights to business’s current understanding of ethical practice b. advocating for socially responsible business practices by studying and rating major corporations on an ethical scale c. creating a common conceptualization of “social responsibility” and offering best practices for how to make it part of management d. developing a common curriculum for ethics that can be taught to students regardless of culture
Answer the following statements true (T) or false (F)
1. Idealized influence focuses on the exchanges that occur between leaders and their followers. 2. Charismatic leadership transforms followers' self-concepts and tries to link the identity of the followers to the collective identity of the organization. 3. Criticisms of transformational leadership are that it is elitist and antidemocratic, and it suffers from heroic leadership bias. 4. Transactional leadership raises the level of motivation and morality in followers. 5. The contingent reward factor is more effective than the management-by-exception passive factor.