Discuss key findings from the GLOBE project.
What will be an ideal response?
The GLOBE project described and predicted the relationship of specific cultural
variables to leadership and organizational processes and their effectiveness. GLOBE
research found that employees may have some similar conceptions of leadership based
on implicit assumptions regarding what constitutes effective leadership. These belief
systems affect the way that a person responds to directives from a leader. GLOBE
uncovered some important underlying perceptions regarding what is deemed effective
in terms of leadership and offers some practical advice for leaders operating abroad.
This research identified nine cultural concepts that were shown to be relevant to
perceptions of leadership.
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A company paid $320,000 for equipment that was expected to last five years and to have a salvage value of $40,000. During the third year of the equipment's life, $39,000 cash was paid for replacement parts that were expected to increase productivity by 10% each year. Prepare the journal entry to record the $39,000 cost incurred in the third year.
What will be an ideal response?
Benjamin Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Container RefurbishedRevenue $5,400Employee salaries and wages$58,300 $1,000Refurbishing materials $700Other expenses$31,200 When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March.The amount shown for "Other expenses" in the planning budget for March would have been closest to:
A. $30,600 B. $31,200 C. $30,900 D. $34,591
Billy Witz sells vacuum cleaners door-to-door. After showing Mrs. Davis several models and demonstrations, Billy can tell she is hesitant but interested. Which trial closing is Billy likely to use to ensure a sale?
A. "Here's my card. Give me a call if you would like to place an order." B. "Will you be placing an order, Mrs. Davis?" C. "Do you want the standard model, or the one with the special options package?" D. "Shall I give you a week to consider the offer?" E. "I'll put you down for the deluxe model. Is that your natural hair color?"
? Which of the following is not a source of systematic risk?
A. ?inflation B. ?reduction in the value of the British pound C. ?how a firm finances its assets D. ?a decline in the Dow Jones industrial average