Some of the advantages for both employees and managers of a wide _______________ are better communication and collaboration as more employees are included in the decision-making process, and higher morale as employees are given more responsibility and less supervision.
a. Departmentalization
b. Span of control
c. Chain of command
d. Specialization
b. Span of control
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Retained earnings
A) is the same as contributed capital B) cannot have a debit balance C) changes are summarized in the retained earnings statement D) over time will have a direct relationship with the amount of cash on hand if the corporation is profitable
A retailer typically has half of its sales on credit; the balance of sales are by cash, check, or debit card. Credit sales are payable in full in 30 days. The retailer's collection period is 25 days. The retailer has _____
a. slow-turning accounts receivable b. fast-turning accounts receivable c. average-turning accounts receivable d. high financial leverage
In ______ cultures, politeness and a desire to avoid embarrassment often take precedence over “truth."
A. individualist B. collectivist C. high-power distance D. low uncertainty avoidance
Before Donald announces his campaign for Mayor of Smallville he decides to hire a market analyst, a city engineer, and an auditor to help him assess the situation of his small town. Donald is engaging in which skill of acquiring knowledge?
a. Mimicry b. Grafting c. Scanning d. Vicarious learning