Cheyenne is the manager of a local small hotel. Just today Cheyenne received word that a major convention will be coming to town next month, and the demand for hotel rooms is expected to skyrocket. In a conversation with the owner, she asked, "What should our approach to pricing be for the week of the convention? Should we require payment in full at the time of the reservation?" Which management method is Cheyenne using?
A. the devil's advocate method
B. scientific management
C. the synergy method
D. the contingency viewpoint
E. the diversity viewpoint
D. the contingency viewpoint
The contingency viewpoint emphasizes that a manager's approach should vary according to, or be contingent on, the individual and the environmental situation.
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Indicate whether the statement is true or false
The primary difference between content and relationship messages is best described as ______.
a. content messages focus on what is said and relationship messages tell something about the relationship b. content messages are brief while relationship messages are complex c. relationship messages are culturally bound while content messages are not d. all messages have a content dimension, but not all messages have a relationship dimension
A retail company has goods available for sale of $500,000 at retail and $200,000 at cost and ending inventory of $49,000 at retail. What is the estimated cost of goods sold?
a. $151,000 b. $190,200 c. $180,400 d. $170,600
Agnes has a checking account and she has just received her March bank statement that shows an ending balance of $250. Agnes' records indicate an ending balance of $220
In looking over the data you notice that two checks Agnes wrote totaling $75 had not yet cleared the bank, while a deposit for $40 that she mailed had not been received by the bank. There also was a $5 bank service charge. To adjust her records, Agnes should A) reduce her book balance by $5. B) increase the bank balance by $40. C) call the bank and tell them that their balance is incorrect. D) do nothing, everything seems in good order.