Answer the following statements true (T) or false (F)
1. Whenever possible, let individuals self-select themselves for leadership positions.
2. Courageous followership involves supporting as well as challenging leaders.
3. Leaders and followers need to work together, however they face different sets of ethical dilemmas and demands based on the roles they play.
4. Followers typically have access to more information than leaders do.
5. A practical tip for a leader to improve their consistency is for them to go out of their way to treat “fringe” subordinates equally as they do other employees.
1. False
2. True
3. True
4. False
5. True
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Which of the following statements about the opportunity cost associated with a capital budgeting project is correct?
A. A project's opportunity cost is a cash outlay that the firm has already paid; therefore, it should not be included in a capital budgeting analysis. B. The terms sunk cost and opportunity cost generally are used interchangeably. C. A project's opportunity cost is the return (cash flow) that will not be earned (generated) if funds are invested in a particular capital budgeting project. D. A project's opportunity cost is not a relevant cash flow, therefore it should not be included in the capital budgeting analysis. E. A project's opportunity cost reflects the change in a firm's net cash flow that is attributable to purchasing the project.
Why is it important to understand how taxes impact your personal financial planning?
A) Taxes paid reduce your net income and cash flow available to save as well as the returns on your investments. B) Not paying taxes can result in penalties and jail time. C) It is not that important since savings are not taxable. D) It is only important if you are in a 25%+ tax bracket.
If the exchange rate for Canadian and U.S. dollars is 0.7382 to 1, this implies that 2 Canadian dollars can be purchased for $1.48 U.S. dollars.
Answer the following statement true (T) or false (F)
Mary Kay is in charge of a nursing shift at a hospital. She wants to improve the motivation and performance level of the nurses under her direction. According to expectancy theory, one element of an effective motivational strategy is to
A. rotate the nurses so that they perform different jobs each day. B. determine what types of rewards are valued by the nurses. C. simplify the job. D. set performance standards that are beyond the ability of most nurses to challenge them to achieve.