Describe several of the high-performance work practices.
What will be an ideal response?
Some of the high-performance work practices are as follows:
1. Worker empowerment, participation, and autonomy
2. The use of self-managed and cross-functional teams
3. Commitment to superior product and service quality
4. Flat organizational structures
5. Use of contingent workers
6. Flexible or enriched design of work that is defined by roles, processes, output requirements, and distal criteria (e.g., customer satisfaction), rather than (or in addition to) rigidly prescribed job-specific requirements
7. Rigorous staffing and performance management practices
8. Various worker- and family-friendly HR policies that reward employee development, continuous learning, and support work-life fit
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A routine collection on a customer's account was recorded and posted as a debit to Cash and a credit to Sales Revenue. The journal entry to correct this error would be
a. a debit to Sales Revenue and a credit to Accounts Receivable. b. a debit to Sales Revenue and a credit to Unearned Revenue. c. a debit to Cash and a credit to Accounts Receivable. d. a debit to Accounts Receivable and a credit to Sales Revenue.
Houseman, Inc. anticipates sales of 50,000 units, 48,000 units, 51,000 units and 50,000 units in July, August, September and October, respectively. Company policy is to maintain an ending finished-goods inventory equal to 40% of the following month's sales. On the basis of this information, how many units would the company plan to produce in September?
A. 49,200. B. 49,800. C. 50,600. D. 46,800. E. None of the answers is correct.
Federal budget deficits tend to further depress an already depressed economy
Indicate whether the statement is true or false.
A volatility swap is
A. An instrument that swaps the change in the value of a market variable for a fixed amount B. A swap involving an asset whose volatility is greater than a certain level C. An exchange of the implied volatility of an option at a future time for a fixed volatility D. An exchange of the realized volatility of an asset for a fixed volatility