Andrea designed a new household cleaning product that can be used on any surface, is environmentally friendly and performs better than other current products. As the company grew, she added employees to produce the cleaner. Recently a grocery store chain asked to sell the cleaner in a regional area. Should she continue as the CEO? At what level is the company in its development? What factors should Andrea consider as the company continues to grow?
What will be an ideal response?
The company is currently at a turning point and is at the point when professional management should be considered. She should continue as CEO but she may need to hire someone to complement her weaker areas and take the company past its Stage 2, (Player-Coach) level. Fulfilling the grocery order successfully will help the company move to Stage 3 and then Stage 4. However the company culture needs to be maintained while addressing the need for additional, specialized employees.
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Indicate whether the statement is true or false
Hierarchical structures create ______ communication.
a. grapevine b. vertical c. informal d. horizontal
If Erin had done drugs in the past and now wants to become an attorney, should her history of illegal drug use matter? If not, why? If so, then should it matter that she is already a paralegal with that history?
What will be an ideal response?
Identify whether the following tests are substantive analytical procedures, tests of details of transactions, or tests of details of account balances
1) Trace a sample of payroll checks to the master employee list to verify occurrence. 2) Recalculate the mathematical accuracy of a sample of payroll checks. 3) Test a sample of bank reconciliations for the payroll bank account. 4) Estimate sales commissions by applying commission formulas to recorded sales totals. 5) Compare amounts accrued to supporting documentation, such as payroll tax returns. 6) Compare payroll costs as a percentage of sales to industry data.