Which of the following involves a creditor beneficiary relationship?
a. A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy.
b. A contract between an employer and a union representing the employees which is made for the benefit of the employees.
c. A contract between the owner of a building and the contractor stating that the contractor will pay the contractor's employees at a stated rate.
d. A contract between a governmental unit and business for services to be rendered to area citizens.
a
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Which of the following equations can be used to budget purchases? (BI = beginning inventory, EI = ending inventory desired, CGS = budgeted cost of goods sold, P = budgeted purchases)
a. P = CGS + BI - EI b. P = CGS + BI c. P = CGS + EI + BI d. P = CGS + EI - BI
Betty Harrington owns a floor covering firm. Her market research is telling her that she is taking business away from the large home improvement stores in her trade area. One thing that Betty is worried about is that the large stores might fight back by lowering their prices, which hurts everyone except the consumer. The day-to-day challenge of firm growth that this example is referring to is:
A) quality control B) price stability C) capital constraints D) cash flow management E) benchmarking
Why is ethnocentrism an obstacle to effective leadership?
A. it prevents people from fully respecting the viewpoints of others B. it is focused on cultural competence, not individual rights C. it is focused on diversity of opinions of others D. it encourages understanding of multiple viewpoints of others
A critical concern for a successful pay-for-performance system is the perceived fairness of the pay decision.
Answer the following statement true (T) or false (F)