Ms. Lee is in charge of a sales team in which most of the members have been part of the group for many years. Most days, Ms. Lee lets her team members interact with their clients on their own and only checks in occasionally. On Monday, Ms. Lee arrives at work to find that an important order for a large client is stuck in customs at a major port. She immediately makes decisions to try to fix the problem. This is an example of ______.
a. formal leadership
b. informal leadership
c. contextual leadership
d. ineffective leadership
c. contextual leadership
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________ typically includes information on the customers served, why the company exists, what the company does, the value received by the customers, and the technology used.
A. Balanced scorecard B. Code of conduct C. Vision D. Mission
You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.00%, the cost of preferred is 7.50%, and the cost of retained earnings is 12.00%. The firm will not be issuing any new stock. What is its WACC?
A. 8.93% B. 7.59% C. 6.96% D. 7.68% E. 6.69%
Juan and Marie enter into an oral agreement that Marie will sell Juan's crusty herb garlic bread to gourmet food stores in the area. This works until Juan gets sick and no longer makes his bread. Marie is furious that Juan is unable to supply her with the popular bread and sues him for lost profits. A court is likely to rule:
a. Juan cannot abandon the agency relationship he established with Marie b. Marie's authority to act as agent for Juan lapsed and the agency relationship is terminated c. Juan should pay Marie damages for reducing her income d. Marie may not be fired because she and Juan had a contract of employment e. Juan cannot abandon the agency relationship he established with Marie and Juan should pay Marie damages for reducing her income
The extent to which subsystems depend on each other refers to:
A) modularity. B) coupling. C) decomposition. D) dependence. E) cohesion.