Della, the new CEO of Sky Advertising, has been with the firm for over 25 years. She was picked by the board to turn the 85-year-old agency around and to do so, Della wants to bring back some old ideas that previously worked at Sky. She plans on having managers and veteran employees instruct each other about the organization's chosen values, beliefs, and expectations through holding some of the old rites and rituals, retelling stories about company legends, bringing back training and coaching, and once again having quarterly reward ceremonies. The things Della wants to do are an example of ________.
a. MBO
b. embedding culture
c. decentralizing authority
d. TQM
e. a value stabilizing plan
b. embedding culture
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Which organization, in addition to the Financial Accounting Standards Board (FASB), occasionally issues authoritative rules for financial statements?
a. The Accounting Profession b. International Accounting Standards Board (IASB) c. Securities and Exchange Commission (SEC) d. Internal Revenue Service (IRS)
The NAIC requires life insurers to have reserve accounts that protect insureds from the:
A) insurer's poor underwriting decisions B) insurer's poor investment results C) catastrophic hurricane years D) effects of terrorism risk on the insurer's stability
If an asset doesn't earn a return, its value is determined by supply and demand
Indicate whether this statement is true or false.
If an activity produces a profit for at least two years during a consecutive five-year period, the burden of proof shifts to the IRS to show that the activity is not profit-motivated.
Answer the following statement true (T) or false (F)