Referring to the "fiction of superior authority," _____ believed that workers ultimately grant managers their authority.
a. Frank and Lillian Gilbreth
b. Chester Barnard
c. Sigmund Freud
d. Micheal Van Bruen
e. Adam Smith
The answer is b. Chester Barnard (While many people assume that managers have the authority to do whatever they want, Barnard, referring to the “fiction of superior authority,” believed that workers ultimately grant managers their authority.)
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A manufacturer attempting to set prices for its products in export markets must realize that CIF, VAT, and distributor markup all lead to:
A) currency devaluations. B) dumping charges. C) market skimming. D) price escalation. E) market penetration.
If the portions of the firm's foreign operations in higher-tax-rate countries grew more rapidly than foreign operations in lower-tax-rate countries, the company may seek out more tax effective ways of operating abroad through all of the following means except:
a. Assess whether transfer prices or cost allocations can be adjusted to shift income from high-tax-rate to low-tax-rate jurisdictions. b. Shift from domestic to foreign borrowing to increase deductions for interest against foreign-source income. c. Shift from debt to equity financing of foreign operations to increase interest deductions against foreign-source income. d. Shift some operations, like marketing, to the United States where the average tax rate is lower.
The subtotals of the Income Statement columns of the work sheet are $6,200 in the debit column and $4,900 in the credit column. If the subtotal of the Balance Sheet Debit column is $19,000, then the subtotal of the Balance Sheet Credit column should be:
a. $20,300 b. $1,300 c. $17,700 d. $14,400 e. none of the above.
Court-annexed arbitration:
A) is used in a growing number of federal courts, but is not being used in state courts. B) is used in civil cases in which the parties seek limited amounts of damages. C) typically uses arbitrators who are medical doctors since cases using this kind of arbitration are medical malpractice disputes. D) results in a binding award which cannot be appealed to the courts.