A parent sold land to its partially owned subsidiary during the year at a loss. The subsidiary continues to hold the land at the end of the year. The amount to be reported as consolidated net income for the year should equal:
A. the parent's separate operating income, minus the intercompany loss.
B. the parent's separate operating income, plus the intercompany loss.
C. the parent's separate operating income, minus the intercompany loss, plus the subsidiary's net income.
D. the parent's separate operating income, plus the intercompany loss, plus the subsidiary's net income.
Answer: D
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________ is the leader behavior that organizes and defines what group members should be doing to maximize output.
A. Transactional leadership B. Consideration C. Transformational leadership D. Empowerment E. Initiating structure
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold?
A. $493 B. $522 C. $509 D. $505 E. $532
Which of the following is not true regarding Chinese individuals and conflict?
A. Well-managed conflict contributes significantly to successful leadership in China. B. Chinese are more competitive and individualistic. C. Chinese are more likely to value harmony over discord. D. Chinese place an emphasis on openness and collaboration.
Identify and discuss the three building blocks of organizational structure.
What will be an ideal response?