Answer the following statements true (T) or false (F)
1. Corporations, government, and other institutions in society set the social agenda, not the media.
2. A "think tank" is an organization that researches and analyzes various important social, economic, and political issues confronting society.
3. A business's response to social issues should be driven by the organization's core values.
4. One's religious beliefs influence their ethics and their managerial behaviour.
5. Confucianism is incompatible with most managerial practices in the western world.
1. TRUE
2. TRUE
3. TRUE
4. TRUE
5. FALSE
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When a message is decoded, the meaning that is attached to it is filtered by the ________
A) transmission medium B) sender's experience C) receiver's knowledge D) sender's emotional state E) dynamic loop
____ is defined as “all those inner striving conditions described as needs, drives, and desires” to initiate a person’s actions.
a. Leadership b. Motivation c. Management d. Rewarding
A substantive test of transactions to test the completeness assertion includes
A. Tracing a sample of time sheets to the payroll register. B. Testing a sample of payroll checks for the presence of an authorized time sheet. C. Testing postings to the payroll register for a sample of payroll checks. D. Recomputing the accuracy of a sample of payroll checks.
The Alpha Division of the Carlson Company manufactures product X at a variable cost of $40 per unit. Alpha Division's fixed costs, which are sunk, are $20 per unit. The market price of X is $70 per unit. Beta Division of Carlson Company uses product X to make Y. The variable costs to convert X to Y are $20 per unit and the fixed costs, which are sunk, are $10 per unit. The product Y sells for $80 per unit.
a. What transfer price of X causes divisional managers to make decentralized decisions that maximize Carlson Company's profit if each division is treated as a profit center? b. Given the transfer price from part (a), what should the manager of the Beta Division do? c. Suppose there is no market price for product X. What transfer price should be used for decentralized decision-making? d. If there is no market for product X, is the operations of the Beta Division profitable?