The Perfect Manager (Scenario)Brenda Kraft has proven to be an able manager. Her section has a high project completion rate with highest quality products and the lowest defects in her division. In addition, she accomplishes this with fewer full-time people than other managers. Some say that the secret of her success is in her ability to delegate responsibility and her understanding of "management functions."The fact that Brenda completes her projects is an indication of her ________ as a manager.
A. leadership
B. effectiveness
C. efficiency
D. attention to detail
Answer: B
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Kertas, Inc. produces paper and office supplies and uses the just-in-time inventory system. Currently, the company is using variable costing. Which of the following is TRUE of the effect of costing systems on the financial results of Kertas?
A) Its operating income will be significantly higher if the company uses absorption costing instead of variable costing. B) Its operating income will be significantly lower if the company uses absorption costing instead of variable costing. C) Its operating income will vary a little if the company uses absorption costing instead of variable costing. D) Its operating income will be negative if the company uses absorption costing instead of variable costing.
Do not use an ellipsis if doing so _______________ a sentence, phrase, or paragraph
a. lengthens b. distracts from c. changes the meaning of d. emphasizes
Every contract imposes upon each party a ________ in performance and enforcement
a. duty of objective standards b. duty of good faith and fair dealing c. duty to substantially deal d. duty to not materially breach
Directors and officers are liable to third parties only if they commit an intentional tort such as fraud
Indicate whether the statement is true or false