Which of the following statements best describes the contemporary work environment?
A) People can show up, do an OK job, and have a good career.
B) More than ever, people are held accountable for getting results.
C) Managers must be numbers-oriented to succeed.
D) Visionaries are considered disruptive in today's work climate.
E) If a manager is not charismatic, he or she cannot advance.
B) More than ever, people are held accountable for getting results.
Explanation: Now—more than ever—individuals will be accountable for their actions and for results. In the past, people at many companies could show up, do an OK job, get a decent evaluation, and get a raise equal to the cost of living and maybe higher. Today managers must do more, better. Eminent management scholar Peter Drucker, in considering what makes managers effective, noted that some are charismatic whereas some are not, and some are visionary whereas others are more numbers-oriented. But they all ask what needs to be done, write action plans, take responsibility for decisions, and focus on opportunities, not problems.
You might also like to view...
The concept of conservatism is the capacity of information to make a difference in a decision
a. True b. False Indicate whether the statement is true or false
Which accounting convention could cause an overload of information for the financial statement user?
a. Consistency b. Conservatism c. Full disclosure d. Materiality
Aasia’s organization uses a differentiation strategy. To encourage worker to bring knowledge, skills, and abilities to the job that can allow them to analyze problems and come up with creative solutions, the organization might adopt a(n) ______ philosophy on compensation.
A. skill-based pay B. above-market C. at-market D. competency-based pay
Thomas Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's sole product. According the production specifications, each completed unit requires five pounds of direct material at a standard cost of $7.80 per pound. Direct materials consumed by the end of the period totaled 53,500 pounds in the manufacture of 10,900 finished units.An examination of Thomas' payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour. Assume that the company computes variances at the earliest point in time.Thomas' direct-material price variance was:
A. $16,050F. B. $16,800F. C. $16,800U. D. $16,050U. E. None of the answers is correct.