Studying management can be helpful even before you become a manager. List at least three of the rewards of studying management.
What will be an ideal response?
(1) You will understand how to deal with organizations from the outside. It helps to understand how organizations work and how the people in them make decisions. (2) You will understand how to relate to your supervisors. Since most of us work in organizations and most of us have bosses, studying management will enable you to understand the pressures managers deal with and how they will best respond to you. (3) You will understand how to interact with co-workers. Studying management can give you the understanding of teams and teamwork, cultural differences, conflict and stress, and negotiation and communication skills that will help you get along with fellow employees. (4) You will understand how to manage yourself in the workplace. Management courses give you the opportunity to realize insights about yourself—your personality, emotions, values, perceptions, needs, and goals. We help you build your skills in areas such as self-management, listening, handling change, managing stress, avoiding groupthink, and coping with organizational politics.
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The type of appraisal that is most subject to validity problems due to evaluator bias is the ______ appraisal.
A. behavioral B. 360-degree feedback C. objective D. results E. trait
Gowda Inc., a calendar year taxpayer, purchased $1,496,000 of equipment on March 23. This was Gowda's only purchase of depreciable property for the year. If the equipment has a 7-year recovery period, refer to Table 7.2 and compute Gowda's first and second-year MACRS depreciation. (Disregard the Section 179 deduction and bonus depreciation in making your calculation.)
A. First year $106,889; second year $340,193 B. First year $106,889; second year $366,370 C. First year $213,778; second year $183,185 D. None of the above
FASB's definition of fair value of an asset is characterized as a measure of market-based exit value, which is the amount for which a company could sell the asset
Indicate whether the statement is true or false
An inventor is the first to develop a working model while a product pioneer is the first to develop patents in a new-product category
Indicate whether the statement is true or false